Market Breadth Indicator – Advance Decline Numbers Outlook For Aug 26 2019

Friday saw another huge slump for stocks in what was a brutal day. Stocks had started the day with some strength and following the release of Powell’s speech, markets moved higher. However tweets from President Trump an hour later at 11:00 AM, indicated an escalation of tariffs in the trade war with China. Stocks moved lower and within minutes had broken through 2900.

Once the S&P had fallen below 2870 the move down seemed to slow but it was nonetheless a continual drop with stocks finally collapsing in the final hour and in particular the last half hour. A small rally at the end did nothing to change the outlook for Monday.

The S&P closed at 2847 a few points below the 2850 support level.

Advance Decline Numbers Outlook for Aug 26 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 Fri Aug 23 2019.

Members should review the signals before trading resumes on Monday as there are significant changes following the collapse of stocks again on Friday.

There were trades in the Market Direction Portfolio on Friday and more are planned for Monday. These are outlined in the market direction portfolio section.

The market breadth indicator analysis and outlook is for FullyInformed Members.