Tuesday was a very low volume day following following Monday’s Christmas holiday. Apple Stock dominated the markets as the stock pulled back on investor worries that iPhone X sales are poorer than expected. Taiwan’s Economic Daily reported that Apple will cuts its sales forecast from 50 million to 30 million units. This is based on reported rumors that suppliers are complaining of declining demand for parts and components. This is not the first time Apple has undergone this type of rumor and it won’t be the last. Overall though, losses were small as the sideways trend continued for another day.
Here is the Market Breadth Indicator outlook for Wed Dec 27 2017 following the close of trading on Tue Dec 26 2017.
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Advance Decline Numbers Outlook For Dec 27 2017
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