Thu Feb 15 2018 saw a very choppy session which saw the index open with a bounce higher and then a sell-off down to the 2690 level by 11:00 AM.
This left the index just below the close on Wednesday. The drop ended swiftly as buyers saw the drop as a chance to get into stocks again that they missed on Wednesday. By the close, the index reached 2731.20 just off the high of the day by 0.31. It was another amazing day and the 5th in a row of gains which now has the S&P recovering over half of the losses in the recent market correction. Much of the rally on Thursday was led by technology stocks and to a lesser extent banks, but in general the advance was fairly broad-based.
With Monday being a holiday, let’s see what the Market Breadth Indicators show we should expect for Friday’s trading.
The Market Breadth Indicator outlook tonight is expanded a bit as it continues with the analysis of the rally and where it may be heading next.
Members should review the Market Breadth Indicator as there were changes in the market breadth indicators after the trading on Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Fri Feb 16 2018
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