Thursday saw the result of Feb Chair Powell’s comments that were taken to mean a rate cut should be expected as early as July. Investors jumped into trades, sending the SPX index to a new all-time high. The NASDAQ and Dow Jones Indexes are also within easy striking distance of new highs.
Advance Decline Numbers Outlook for Fri Jun 21 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 Jun 20 2019.
Members should review the signals before trading resumes on Friday as there are some changes tonight following the S&P making a new all-time high on Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Jun 21 2019