Friday saw horrendous March unemployment numbers, but many analysts indicated they thought the numbers would be a lot worse based on the Weekly Initial Unemployment Insurance Claims for the prior two weeks.
Markets sold off on Friday nonetheless but then tried to stage a rebound into the close to hold the 2500 level for a seventh day.
Advance Decline Numbers Outlook for Mon Apr 6 2020
Here are the market breadth indicator signals along with advance decline numbers from the New York Stock Exchange and NASDAQ from the close of trading on Fri Apr 3 2020.
Tonight’s outlook also includes a review of the past week along with a view of where stocks may be heading for the start of the week.
There are changes in the Market Breadth Indicator signals to start the week which members should review before markets open on Monday. There are also some trades planned.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Apr 6 2020
Friday was a slower day for the trading week as investors were leaving early ahead of the Memorial Day Weekend. Yet there were signals worth ....... Read More
The Weekly Initial Unemployment Insurance Claims were higher than a lot of investors had anticipated and that started the day with a bit of a ....... Read More
Markets were already weak on Tuesday following Monday’s monster rally so weakness and selling were expected. However a media report that questioned the trial results ....... Read More
Markets were already signaling a move higher to start this week, when on Thursday and Friday last week, indexes recovered from determined sellers. Monday saw ....... Read More
A morning dive in the markets brought in buyers in the afternoon who pushed back and closed the markets at their highs for the day. ....... Read More
Investors continued to stay nervous today and selling intensified. Tonight’s outlook is expanded in a number of key areas. Advance Decline Numbers Outlook for Thu ....... Read More
With the economy preparing to reopen, investors are watching to see if the COVID-19 infection rates start to climb again. All investors know that should ....... Read More
For Friday the April non-farm payroll numbers are being released and these could have an impact on the market direction. It is expected that the ....... Read More