Market Pulse on March 8th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3821,35 -20,59.

The Nasdaq led again the market on the downside as sector rotation continues with some tech stocks heavily punched by selling pressure. Brick and mortar stocks benefited from this situation as breadth finished higher on the NYSE: 2456 stocks advanced whereas 1777 stocks declined. Hedging activity increased somehow in the option market although greed has not disappeared. Some indicators like the ten day oscillator based on the advance/decline line are entering into the oversold area.

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

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