Market Pulse on May 14th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4173,85 +61,35.

Buyers were back in force as measured by our fear/greed index, our capitulation index and our buying/selling index. We suspect that some kind of short covering occurred as the latest weekly sentiment survey among professional pointed out last Friday that this category of market participants was rather cautious. Breadth closed on a strong note: 3436 stocks advanced compared to 777 that settled down. Options trading was rather neutral.

Very short term oscillator Positive +
Short term oscillator Negative -
RVI trend Negative -
Trend short term (5 days) Down
Trend mid term (8 days) Down
Differential of trends Down
Risk profile6 63 (scale of 1 (low risk) to 100 (high risk))

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