Market Pulse on December 17th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4620,64 -48,03.

The stock market sold off for the last expiration of options and futures of 2021. Trading should start to slow down, as usual, until the end of the year although volatility may stay elevated as economies are going to go to a kind of lockdown as omicron’s variant is surging. We continue to observe with attention the evolution of the cumulative advance/decline line on the Nasdaq and the NYSE that continues to head south. On the Nasdaq, 9 % of the stocks traded on this market reached fresh new lows Friday, a disturbing reading. Options trading was fairly neutral.

Very short term oscillator Negative -
Short term oscillator Negative -
RVI trend Positive +
Trend short term (5 days) Up ​
Trend mid term (8 days) Up ​
Differential of trends Up ​
Risk profile 50 (scale of 1 (low risk) to 100 (high risk))

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