Market Pulse on November 24th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3635,41 +57,82.

Various stock indexes closed on a strong note led by solid internal momentum : 2376 stocks closed up on the NYSE, 760 settled down. Our ten day oscillator based on the advance/decline line is overbought and we observe a lot of buying pressure as measured by our buying/selling index, our fear/greed index and our capitulation index. This means that buyers are ready to pay almost any price to step into the market. This observation is in line with the activity in the options market, put/call ratios are again hitting the lows of the year. Are market participants too confident and even complacent, the weekly sentiment surveys published at the end of the week will be interesting to interpret.

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

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