S&P 500 4477,44 -111,94.
The roller coaster continues in the stock market as earnings releases are appreciated differently according to specific situation, i.e. Meta or Amazon. The fact is that there is no room for error in the context of high valuation and the perspective of an hawkish Fed. Our indicators measuring the buying/selling activity in the market show no signs of capitulation yet. Options traders have increased their hedging strategies as measured by various put/call ratios, the cumulative advance/decline line is still pointing down although our ten day oscillator based on the advance/decline line is still oversold. The weekly survey among professional active managers points out to the fact that this category of investors has been willing to take more risk last week, confirming our view that bargain hunters were stepping into the market, maybe a little bit too early….
|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))|