Market Pulse on May 6th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4201,62 +34,03.

The picture is still the same, The Dow jones Industrials is leading the pack and the Nasdaq is among the leading loser. This is confirmed by internal momentum as measured by the cumulative advance/decline line and the list of stocks hitting new highs and new lows. On the Nasdaq, the list of new lows is expanding, a warning sign. Options activity is rather balanced between bulls and bears whereas the weekly investment survey assessing the opinion of private investors points out to a lot of optimism among this category of investors with a bull to bear ratio above 2. Our short-term trading model is getting churned by the whipsaws of the market. 

Very short term oscillator Negative -
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 68 (scale of 1 (low risk) to 100 (high risk))

A lire aussi...