The weakness I have been discussing all week, finally showed up on Thursday. The indexes are extremely overbought in a short period of time. All the market needed was some negative news to get investors to take profits and stall the rally.
Advance Decline Numbers Outlook for Fri Feb 22 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 21 2019.
Members should review the Market Breadth Indicator signals before trading resumes as there are changes again in some of the indicators for Friday’s markets.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Feb 22 2019
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