Volume on Fri Nov 29 was low due to the half day of trading but the SPX opened higher and twice pushed above 3150. Low volume though meant buyers couldn’t push aside sellers and the index pulled back by mid-morning. By 1:00 PM the S&P closed just above the low of the day down 12 points to 3140.98. For the month of November the S&P was up 3.4% and for the year it was up 25.3% by Friday’s close.
The NASDAQ ended the day down 39 points to 8665 but for the month it was up an impressive 4.5%. For the year the index is now up 30.6%.
Advance Decline Numbers Outlook for Dec 2 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 Nov 29 2019..
Members should review the changes, before markets resume trading on Monday. There are some changes in the signals after the half day on Friday.
Members should also check the Market Direction Portfolio changes. Trades occurred on Friday and more trades are planned for Monday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Dec 2 2019
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