Market Pulse on March 30th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2626,65 +85,18.

The stock market recovered up to the highs reached last Friday with weaker internal momentum than the previous days: 2398 stocks advanced compared to 1566 that settled down. The ten day oscillator based on the advance/decline line is entering into the overbought area. We observe that buyings are concentrated into big names that attract investors as a safe haven as so many sectors are going to be hit for a long time du to the sanitary crisis. This concentration of interest towards few names may be taken with cautiousness if it continues over the next few days. Activity in the option market points out to less hedging than the previous days.

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