On Friday the selling continued with further losses as investors continued to worry about the trade-war with China. Earnings are ahead of estimates on about 70% of stocks that have reported so to date. Last week was the heaviest week for earnings. Investors though are now looking beyond earnings to the next quarter and many analysts believe earnings will be poor for the next quarter. This sounds a lot like what analysts had believed would happen for the current quarter.
Advance Decline Numbers Outlook for Mon Aug 5 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 2 2019.
Members should review the signals before trading resumes on Monday.
As well there were trades done in the Market Direction Portfolio on Friday and there are more planned for Monday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Aug 5 2019
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