Market Pulse on November 16th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4682,85 +33,58.

Over the last two days, the stock market continued to hover around the highs of the year. It is interesting to note that internal momentum is losing steam on the Nasdaq as measured by the list of new highs/new lows and the cumulative advance/decline line. Options traders are still eager to buy calls and optimism is all around actually. A word on currencies and crypto : the Swiss National Bank may well enter into the market as the cross SF/EU is approaching 1,05, as a reminder, according to our model, the SF/EU should trade at around 0,90. The SNB may well have to print again a lot of money to try to slow down the appreciation of the swiss franc. Gold in swiss franc may well be the ultimate hedge for swiss investors and its price has recovered near the highs of the year at around Chf 55M per kilogramm. The price of the Bitcoin stands at a crossroad and its relative strength on a weekly basis has not reach the previous highs, a warning sign.

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 Up ​
Risk profile 81 (scale of 1 (low risk) to 100 (high risk))


Next update:  Friday 26th November 2021

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