Market Pulse on February 9th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

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))

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