Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Aug 17 2018

Thursday was all about China possibly coming to “the table” to talk about trade and tariffs. This was not an indication that tariffs would end but an indication that perhaps something will be worked out. Meanwhile Turkey moved to the background as rumors of France assisting Turkey calmed a lot of investors’ fears. This news sparked a large rally.

The rally was broad-based on Thursday and while volume was not above average there were signs that for now a bottom to the selling might be in, at least for the moment. Friday though could see some problems as NVIDIA and Applied Materials Stock (AMAT) provided weak forward guidance after releasing their earnings on Thursday after the close. Shares of both companies fell back in after hours trading. This will affect the markets and the NASDAQ in particular on Friday, if the semi-conductors, which are already under selling pressure, sell lower.

Advance Decline Numbers Outlook for Fri Aug 17 2018

Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Fri Aug 17 2018.

There are changes in the market protection outlook as trades were entered and adjusted intraday on Thursday. More trades may occur on Friday.

Members should review all the signals before trading resumes.

The market breadth indicator analysis and outlook is for FullyInformed Members.