S&P 500 3580,84 +54,19.
Prices accelerated througout the day and it is not impossible, if we are in a bubble of gigantic proportion, that they become parabolic, a reminder of the japanes market in the 80’s where valuation had no importance anymore. Breadth was ok: 2549 stocks advanced compared to 1313 that settled down, improving a little bit the cumulative advance/decline line. Put/call ratios continue to register heavy calls buying. The only indicator that is not overbought is the bull/bear ratios. The weekly investment survey among private investors doesn’t point out to euphoria 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 | 84 (scale of 1 (low risk) to 100 (high risk)) |