Market Pulse on August 17th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4448,08 – 31,63.

Has a kind of correction/consolidation started yesterday? Time will tell? 

Breadth closed again on a weak note: 1'070 stocks advanced compared to 3'078 that settled down, deteriorating a little bit more the cumulative advance/decline line. Options traders were  more cautious and have started to increase their exposure in puts as measured by put/call ratios. One of our daily sentiment indicators has improved swiftly. Our short term trading model is not too far to turn down. 

Very short term oscillator Positive +
Short term oscillator Positive +
RVI trend Positive +
Trend short term (5 days) Up
Trend mid term (8 days) Up
Differential of trends Up
Risk profile6 53 (scale of 1 (low risk) to 100 (high risk))

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