The news of December’s retail sales seeing their biggest monthly drop since September 2009 weighed heavily on investors on Thursday. The day started off weak with a dip by 9:48 which took the S&P down to 2731. This didn’t break the important 2725 level but did surprise with the strength of the drop. By 12:30 the index had regained the lost ground and was positive. For most of the afternoon the index moved sideways, falling 7 points into the close to close at 2745 but well off the morning lows.
The NASDAQ managed to close slightly positive and the Dow closed down 103 points.
Advance Decline Numbers Outlook for Fri Feb 15 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 Thu Feb 14 2019.
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The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Feb 15 2019
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