Market Pulse on May 18th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4127,83 -35,46.

The stock market continues to whipsaw without clear direction. We observed some selling pressure on the NYSE as measured by our buying/selling index. Breadth closed on a square note on the NYSE: 2000 stocks advanced compared to 2160 that settled down. Options trading was rather neutral. Cryptocurrencies took a beating this morning, the insane financial bubble starts to deflate.  Our short term trading model has started to turn down.

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 profile6 65 (scale of 1 (low risk) to 100 (high risk))

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