S&P 500 4587 +65,64.
Buying pressure increased as measured by some of our indicators: short covering or fresh buying? The question remains open. Nevertheless, the stock market continues to work out its oversold situation reached at the end of January and we observe that market participants are again more eager to take renewed risk as measured by put/call ratios and weekly sentiment indicators. As an example, our ten day oscillator based on the advance/decline line is entering into the overbought zone.
|Very short term oscillator||Positive +|
|Short term oscillator||Positive +|
|RVI trend||Positive +|
|Trend short term (5 days)||Up |
|Trend mid term (8 days)||Up |
|Differential of trends||Up |
|Risk profile||48 (scale of 1 (low risk) to 100 (high risk))|