On Wed Aug 16 2017 oil prices moved lower again, pressuring oil stocks. Meanwhile Fed minutes on Wednesday also showed that the Fed is concerned about low inflation and is divided on the timing of reducing the Fed’s balance sheet. On top of this was news of President Trump disbanding his Manufacturing Council following resignations by a number of participants.
The indexes were higher in the day but dropped after 2:00 PM with the release of the Fed minutes. They closed still positive on the day but well off the highs.
Here is the outlook for the S&P and NASDAQ indexes for Thursday Aug 17 2017 as viewed by the advance decline numbers from the close of trading on Thursday Aug 17 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Aug 17 2017
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