The stock market broke sharply down after the discovery of the variant Omicron rattled the world. In a technically weak environment, we described in our previous comments, and during a shortened trading session, almost nothing could halt the swift selloff. Breadth closed sharply negative: 624 stocks advanced compared to 3589 that settled down. Our capitulation index reached, on a daily basis, extreme readings. Although our indicators improved on a daily basis, they haven’t yet reached crying buys. The pattern of the cumulative advance/decline line on the Nasdaq is worrisome as it is back to the level of December 2020 and still pointing south.

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	Under review (scale of 1 (low risk) to 100 (high risk))