Market Pulse on December 1st

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4513,04 -53,96.

The stock market resumed its downtrend as selling pressure intensified, as measured by our buying/selling index, our fear/greed index and our capitulation index. Options traders are starting to hedge more and more their positions as measured by put/call ratios that are climbing. The list of stocks hitting new lows is increasing and starts to be impressive: on the NYSE, 35 stocks hit new highs compared to 237 that reached fresh 52 weeks new lows. On the Nasdaq, the ratio is 63/570. The bull to bear ratio is improving with a ratio of 64%, a ratio below 50% starts to be positive for the market. In summary, our indicators are improving but there is ample room for our model to improve.

Very short term oscillator Negative -
Short term oscillator Negative -
RVI trend Negative -
Trend short term (5 days) Down ​
Trend mid term (8 days) Down ​
Differential of trends Down ​
Risk profile 57 (scale of 1 (low risk) to 100 (high risk))

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