Market Pulse on November 30th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4567 -88,27.

The stock market closed the month of November on a very weak note, the S&P 500 settled below its 40 days moving average. Breadth finished the trading session sharply negative: 907 stocks advanced on the NYSE compared to 3508 that settled down. The cumulative advance/decline lines on both the NYSE and the Nasdaq markets are pointing down. The list of stocks hitting new lows is expanding on both markets NYSE 46 new 52 weeks highs, new lows 628, Nasdaq 26/280. Options traders started to hedge their positions as measured by various put/call ratios. Some of our indicators are oversold (10 days oscillator based on the advance/decline line, SENI index, daily capitulation index) but there is ample room for our model to improve.

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

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