The market reacted negatively to the comments from Fed Chair Powell as he indicated that today’s rate cut should not be seen as a trend. That coupled with some rther cloudy comments on inflation expectations, global outlook and chance of another rate cut sunk the markets after 2:30. The end of the day was decidedly negative despite a quarter point rate cut.
Advance Decline Numbers Outlook for Thu Aug 1 2019
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from the close of trading on Wed Jul 31 2019.
Members should review the signals before trading resumes on Thursday.
As well there are some trades done in the Market Direction Portfolio on Wednesday and more planned for Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Aug 1 2019
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