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.
Tuesday 28th July 2026 (S&P 500 7428.78 + 15,6)
There are sectorial rotations in this market, as chips and tech stocks have been under pressure lately, towards defensive and value stocks (i.e. med tech stocks yesterday). This is confirmed by breadth that stayed positive as 2640 stocks advanced on the NYSE 1807 declined. It is interesting to observe that the cumulative advance/decline line on the NYSE closed at the highs of the year whereas the same indicator for the Nasdaq is lagging by far. We find this same discrepancy on the list of new highs/new lows on these two markets. Options traders continue to trade rather cautiously as measured by various put/callo ratios.
Very short-term oscillator: negative
Short-term oscillator: negative
RVI trend: negative
Trend short-term (5 days): down
Trend mid-term (8 days): down
Differential of trend: down
Risk profile index: 42 (scale of 1 (low risk) to 100 (high risk))
Have a nice day!
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