Monday saw a further advance in all 3 indexes. The S&P stayed within a tight trading range. If you look at the 10 minute intraday chart for today, you can see that the index opened above 2915 and then proceeded to spend the day trading around the 2925 valuation. If you look at the Williams %R indicator you can see that the market is very overbought.
SPX Aug 19 2019
Advance Decline Numbers Outlook for Aug 20 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 Mon Aug 19 2019.
Members should review the signals before trading resumes on Tuesday.
There were no trades in the Market Direction Portfolio on Monday but trades may take place on Tuesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Aug 20 2019
Stocks opened at record highs on Thursday on news of a partial trade deal with China. The SPX moved above 3175 briefly by 10:20, setting ....... Read More
Volumes were still reasonably good on Tuesday although slightly lower on both the NASDAQ and SPX indexes. Losses were again quite small. Advance Decline Numbers ....... Read More
On Monday the indexes lost ground giving back a handful of points as investors took selective profits. Advance Decline Numbers Outlook for Dec 10 2019 ....... Read More
For Monday, investors are looking at a market that will open within a handful of points from the all-time high. Advance Decline Numbers Outlook for ....... Read More
For Friday, investors face another jobs report, this one for November. I am expecting good numbers and a move higher. Advance Decline Numbers Outlook for ....... Read More
Volume was good on Wednesday and the market shot higher and tried to reach 3120. It came close and ended the day slightly lower at ....... Read More
There are some changes to the layout of the Market Breadth Indicator outlook starting today. Further changes are being implemented based on comments and ideas ....... Read More
The sell-off on Monday Dec 2 was sparked by a lower than expected ISM number. When markets began to sell, larger investors were repositioning for ....... Read More