S&P 500 4520,03 -15,40.
A quiet trading day after Labor day. Breadth closed on a weak note: 1268 stocks advanced compared to 2861 that settled down. Options trading was rather neutral. The SKEW index is retreating slightly from the upper band of its historic trading range, indicating that options traders may become slightly more cautious. The cumulative advance/decline line is still struggling to recover up to the highs of last spring, this is actually the most worrisome aspect of the market but an important one as internal momentum is the fuel for prices.
|Very short term oscillator||Neutral|
|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||65 (scale of 1 (low risk) to 100 (high risk))|