Closing Comments Wednesday Apr 5 2017 : Wednesday started with stocks jumping on the back of better than expected jobs numbers from the ADP report, ahead of Friday’s unemployment report. That, combined with the acquisition of Panera Bread by JAB Holding was enough to jump start a rally.
The rally gained momentum throughout the morning but then turned sideways although it did hold onto its gains.
At 2:00 PM, Fed minutes showed that the Fed was determined to reduce the size of its balance sheet, this year which is almost $5 trillion in size. That was a far more hawkish tone than prior minutes and investors took the news “badly”, sending stocks back down within an hour of the news and by the close, all three indexes were negative.
Market Breadth Outlook For Thursday Apr 6 2017
Here are the Market Breadth Indicator signals after the close on Apr 5 2017 and their outlook for Thursday Apr 6 2017 .
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Apr 6 2017
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