Market Pulse on October 7th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3419,45 +58,50.

The market recovered its losses from the previous day as breadth expanded: 2862 stocks advanced compared to 1028 that settled down, helping the cumulative advance/decline line to jump and our ten day oscillator based on the advance/decline line to reach an overbought level, recovering from its 23rd September lows. Small and medium caps were again strong. Options traders were again active and bullish as they bought calls, pushing put/call ratios to the overbought area. The weekly sentiment survey among private investors paints a neutral view from this category of investors. 

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

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