Stocks pulled back on Thursday. There were primarily four reasons. The first was a very overbought market that needs to pullback and gather support. Two was news that President Trump would meet later than Mar 1 with China’s President Xi Jinping. The third was comments from White House economic advisor Larry Kudlow, on how the USA and China were still a long way apart in trade negotiations. The fourth was data showing a continued slowdown in Europe.
Advance Decline Numbers Outlook for Fri Feb 8 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 7 2019.
Members should review the Market Breadth Indicator signals before trading resumes.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Feb 8 2019