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
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