Market Pulse on June 7th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4226,52 -3,37.

A very quiet trading day in Wall Street to start the week with not much to report, the market is awaiting new impetus. The cumulative advance/decline line is still strong on the NYSE and on the Nasdaq it is catching up. Options trading was fairly neutral, VIX is low (16,4) but the SKEW index trades on the highs of its historic trading range as well as one of our daily sentiment index. Our ten day oscillator based on the advance/decline line is overbought, the market deserves some kind of correction/consolidation to bring back this indicator to the neutral level. Our fear/greed index is tilting very much towards the greed boundary, indicating that there is a lot of complacency among market participants.

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 profile6 69 (scale of 1 (low risk) to 100 (high risk))

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