On Tuesday Aug 6, stocks rallied back as expected. A rally after a trouncing such as the indexes took on Monday is normal. Most rallies can recover 50% of the original losses before they stall out. At the present time Tuesday’s rally is still being viewed as highly suspect for a dip back on Wednesday or Thursday.
Advance Decline Numbers Outlook for Wed Aug 7 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 Tue Aug 6 2019.
Members should review the signals before trading resumes on Wednesday.
As well there were trades done in the Market Direction Portfolio on Tuesday and there are more planned for Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed Aug 7 2019
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