Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Jul 27 2018

Thursday could have been a lot worse. With Facebook Stock caught in a meltdown many investors were dumping shares of the stock which increased volume to the best numbers for July. Facebook by the close holds the title of the biggest one-day market loss of a stock in history, losing $120 billion in market capitalization. Thanks to the drop the NASDAQ lost 1% but overall aside from Facebook Stock there was no panic selling.

Other tech stocks were expected to be weak which included Amazon, down 3% and Twitter also down 3%. Amazon reported after hours and roared ahead. Twitter reports Friday before markets open. I have trades in both stocks usingthe Trade Ahead Of Earnings Strategy.

The S&P was positive for much of the day but fell back in the afternoon and closed down just 8 points for a loss of 0.30%. The Dow Jones Index closed up 112 points for a gain of 0.44%.

With the meltdown of Facebook now out-of-the-way, here’s a look at what Friday might bring.

Advance Decline Numbers Outlook for Fri Jul 27 2018

Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Fri Jul 27 2018.

The Market Breadth Indicator outlook for Friday also includes updates to the market protection outlook where there were a number of adjustments made on Thursday.

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