Market Pulse on May 24th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4197,05 +41,19.

Over the last two trading days, the stock market continued to recover with decent volume and breadth. The advance decline line continues to be stronger on the NYSE than on the Nasdaq. Options traders became a bit more aggressive by buying calls again. There is a scenario that the market is going to trade sideways until the summer, a kind of welcome period of consolidation/correction.

Very short term oscillator Positive +
Short term oscillator Positive +
RVI trend Positive +
Trend short term (5 days) Up
Trend mid term (8 days) Up
Differential of trends Down
Risk profile6 62 (scale of 1 (low risk) to 100 (high risk))

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