A day of carnage for the cryptocurrencies which illustrates the illiquidity of these unregulated markets. The release of the minutes of the last Fed meeting added some pressure on the stock market. We observed heavy selling pressure on the NYSE as measured by our buying/selling index and our capitulation index although breadth wasn’t that bad: 1336 stocks advanced compared to 2829 that settled down. We observed quiet a lot of puts buying as measured by various put/call ratios, traders are starting to hedge their bets. The weekly sentiment survey among private investors improved somehow although sentiment between bulls and bears is still not balanced. The question is still the same, how good quality stocks are going to behave themselves in an environment of the deflation of a financial bubble.

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