Market Pulse on May 3rd

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4175,4 +20,1.

After having tumbled the whole month of May, the stock market may try to stabilize and rebound somehow in early May to relieve some of its oversold status. Nevertheless, the damage occurred lately may take time to repair in the context of a tightening monetary policy and inflation that is far from being under control. Internal momentum is still weak as measured by various indicators: cunmulative advance/decline line, list of new lows, etc… The sentiment indicators are very depressed and are clearly the ones that are the most positive among our panel of measures.

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 profile 35 (scale of 1 (low risk) to 100 (high risk))

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