Market Pulse on August 7th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2858,45 +8,05.

The stock market continued to creep slightly higher in a rather dull summer trading session except for the news on Tesla. Internal momentum deteriorated slightly with only 1851 stocks advancing compared to 1542 that settled down. Most of our indicators are neutral which doesn’t help much for a short term forecast although we still favor a slight correction/consolidation over the next few days.

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