The sell-off on Monday Dec 2 was sparked by a lower than expected ISM number. When markets began to sell, larger investors were repositioning for the end of the year and that meant taking profits in many of the winning stocks that had good moves higher in November. Buyers moved lower quickly but with many stocks near their record highs, sellers chased them lower as they already had good profits and a drop of 2 or 3 percent in a stock was not going to affect their overall return. While selling was happening there were further reports of setbacks with trade negotiations with China. All of this combined to send stocks lower to start off December. This also added to the historic record of the first day of December ending lower over most of the past 10 years.
Black Friday Special Ends Tuesday Dec 3 at Midnight EST
A reminder that the Black Friday special ends on Tuesday Dec 3 at Midnight. As the sale was extended an extra day there will be no extensions after Tuesday. There will be a small price increase after the Black Friday sale ends. Here are the details.
Advance Decline Numbers Outlook for Dec 3 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 Mon Dec 2 2019.
Members should review the changes, before markets resume trading on Tuesday as there are further changes in signals.
Members should also check the Market Direction Portfolio changes. Trades are planned for Tuesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Dec 3 2019