Wed Aug 30 2017 saw the three major indexes continue their advance from Tuesday. Investors decided on Wednesday that the likelihood of much happening with North Korea was slight. The GDP numbers came in and pointed toward a possible 3% growth rate for the year. The ADP numbers beat estimates with August showing the biggest monthly increase in 5 months at 237,000. While many investors cheered the news, that also meant that the likelihood of a further Fed rate increase this year increased as the economy continues to expand.
By the close all three indexes were higher.
This week I have been on the wrong side of the market rather than listening to what the Market Breadth Indicator signals have actually been saying.
Here is the outlook for the S&P and NASDAQ indexes for Thursday Aug 31 2017 as viewed by the advance decline numbers from the close of trading on Wed Aug 30 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Aug 31 2017
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