On Friday as explained in my “The Week Ahead” article, volume moved to above 4.2 billion which was a jump from Thursday’s volume but certainly not the type of volume you would expect to see in a wash-out type situation. This is part of the reason why the market direction outlook still see a possible move down to 2000 perhaps as early as Monday morning, before a rally can commence.
Advance Decline Numbers
Markets closed pretty well at their lows again on Friday. The S&P closed at 2023.04 down 22.93. The DOW closed at 17,245.24 down 202.83 . The NASDAQ closed at 4927.88 down 77.20 and back below 5000.
Market Direction Closings
The S&P closed at 2,045.97 down 29.03 and at the low for the day. The DOW closed at 17,488.07 down 254.15. The NASDAQ also closed almost at today’s low, 5,067.02 down 16.22.
Paris Attacks
Investors are always nervous so the Paris attacks may very well set the market up for further weakness on Monday as investors fret about what might happen next
Members Only Market Direction Outlook for Nov 16 2015
The rest of the Market Direction Outlook is for members as I lay out the market direction I am expecting for Monday and discuss some investing trading tips for the start of the week and a couple of trade ideas as well.
FullyInformed Members can read the latest Market Direction Outlook and review my trading outlook directly through this link. Members can also sign in to the Members’ site here. Non-members can join here or read about the benefits of a membership.
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