Market Pulse on January 24th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4410,13 +12,19.

This is one of those days Wall Street will remember but it is not as unusual if compared to history. The stock market sold off at the opening (the Nasdaq was down at one point 4,5% before recovering and closing up). The S&P 500 broke decisively its 200 days moving average before closing just below it. The cumulative advance/decline line (Nasdaq) continues to look horrible (see attached chart) and is back to 2020’s spring. A lot of damages has been inflicted lately to the market and it will take time to be repaired. Put/call ratios reached readings we haven’t seen since a long time. 

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 40 (scale of 1 (low risk) to 100 (high risk))

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