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 23rd April 2026 (S&P 500 7137.9 + 73,89)
Although prices advanced and closed almost on the highs reached last Friday, the stock market, in our opinion, has entered a correction/consolidation phase as measured by breadth: 1508 stocks advanced on the NYSE, 1254 declined. The sentiment of traders as measured by put/call ratios points out again to a great deal of optimism among this category of market participants.The weekly survey among private investors points out to a surge of those adopting a positive stance towards the future direction of the market split between bulls: 46 %, bears: 34 % and those adopting a neutral view: 20 %. In summary, the stock market is overbought according to many measures, and a correction/consolidation is more than welcome to reset our indicators to a more attractive level.
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 trend: up
Risk profile index: 69 (scale of 1 (low risk) to 100 (high risk))
Have a nice day!
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