Market Pulse on May 20th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4159,12 + 43,44.

The stock market recovered somehow although we still monitored selling pressure as measured by our buying/selling index. Some components of our model have improved this week like put/call ratios and our fear/greed index. Market participants are becoming more cautious and somehow less greedy than earlier in the year. The weekly sentiment survey among active professional portfolios managers confirms this observation as the index stands at the lowest level of the year. There is still a clear divergence between the evolution of the cumulative advance/decline line on the NYSE that is much stronger than on the Nasdaq

Never fight the power of the states, the crackdown on the cryptocurrencies market has started:

Very short term oscillator Positive +
Short term oscillator Negative -
RVI trend Negative -
Trend short term (5 days) Up
Trend mid term (8 days) Down
Differential of trends Down
Risk profile6 58 (scale of 1 (low risk) to 100 (high risk))

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