S&P 500 4564,54 +30,99.
The stock market continued to recover and gained some momentum as measured by breadth: 3317 stocks advanced on the NYSE compared to 1159 that settled down. Some interesting observations: The VIX fell sharply as bargain hunters are still at work, this is confirmed by our buying/selling index and the closing tick that settled at 956, indicating that money flow entering the market was very strong. The quality of the recovery will have to be monitored closely in February to determine if the uptrend may be sustainable. Options trading was fairly neutral. Our short-term trading model has started to turn up.
Very short term oscillator | Positive + |
Short term oscillator | Negative - |
RVI trend | Positive + |
Trend short term (5 days) | Up |
Trend mid term (8 days) | Up |
Differential of trends | Down |
Risk profile | 40 (scale of 1 (low risk) to 100 (high risk)) |