EMC Gestion de Fortune SA a développé, au fil des années, un modèle d’appréhension du risque sur le marché américain des actions baptisé : « Market pulse ». L’approche combine la finance comportementale, l’analyse des forces internes régissant l’offre et la demande, l’étude des cycles et des mouvements de prix. Ce modèle permet d’évaluer en permanence le risque global du marché sur une échelle de 0 à 100.
Wednesday 20th May 2026 (S&P 500 7432.97 + 79,36)
The S&P 500 rebounded rather strongly ahead of the release of NVDA’s first quarter results.
We observed mixed signals among our indicators: breadth closed on a strong note: 3509 stocks advanced, 1050 declined, the closing Tick index settled at + 1204, options traders were enthusiastic as they rushed to buy calls as measured by put/call ratios. Nevertheless, private investors adopted a cautious attitude from one week to the other as those adopting a bearish view over the future course of the market jumped to 44 % of the respondents, the bulls 32 % and those adopting a neutral stance: 25 %. The SKEW index settled at 132, a rather cautious reading. These conflicting signals are typical of a market taking a deep breadth after a strong runup. The price objective in this correction/consolidation for the S&P 500 still lies at around 7000.
Very short-term oscillator: negative
Short-term oscillator: positive
RVI trend: positive
Trend short-term (5 days): down
Trend mid-term (8 days): up
Differential of trend: up
Risk profile index: 70 (scale of 1 (low risk) to 100 (high risk))
Have a nice day!
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