With Tuesday’s big rally a lot of stocks jumped and investors on Wednesday took advantage of the rally, to take profits. Losses were not deep on Wednesday but markets indexes did fail to make any positive gains with all 3 major indexes closing lower.
Meanwhile President Trump warned that he would shut down the government if Congress failed to find the funds for his Mexican wall. This negatively weighed on investors throughout the day on Wednesday. Other investors took profits ahead of Friday’s Fed Chair Janet Yellen’s speech at Jackson Hole although personally I think there will be nothing new presented.
Here is the outlook for the S&P and NASDAQ indexes for Thursday Aug 24 2017 as viewed by the advance decline numbers from the close of trading on Wednesday Aug 23 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Aug 24 2017
Members can sign in to the full members site here
Non-members can join here, read members comments, review membership benefits
Review All Market Breadth Articles
Market Direction Internal Links
Profiting From Understanding Market Direction (Articles Index)