S&P 500 4017,8 -97,95.
The stock market deceived again investors who were expecting a market rebound beyond the 4200 level we correctly identified as a resistance level weeks ago. Prices fell back under heavy selling pressure as measured by our buying/selling index and our capitulation index. Breadth closed on a very weak note: 678 stocks advanced compared to 3638 that settled down. Options traders increased their exposure in puts as measured by put/call ratios. The weekly survey, compiled before yesterday’s fall points out to some kind of renewed optimism among professional active money managers as the index stands at 50 on a scale of 0 to100.
|Very short term oscillator||Negative -|
|Short term oscillator||Negative -|
|RVI trend||Negative -|
|Trend short term (5 days)||Down|
|Trend mid term (8 days)||
|Differential of trends||Up|
|Risk profile||37 (scale of 1 (low risk) to 100 (high risk))|