Thursday saw investor nervousness over the possibility of a trade war, yet again. The day started off with the index just below 2770. By the close it had slipped to 2749.76 after hitting an intraday low of 2744.39 late in the day. This was the first day this week where the close did not see investors rushing back in to buy and push the index higher.
The NASDAQ had set a new high on Wednesday and opened the day above 7800 but then commenced to slip. By 10:30 the NASDAQ was down to 7713 a drop of 90 points. This was the biggest intraday decline in weeks and may have changed the Market Breadth Indicators for Fri Jun 22 2018. Let’s take a look.
Advance Decline Numbers Outlook for Thu Jun 21 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from Thu Jun 21 2018 and their outlook for stock markets for Friday.
Members should review the signals from Thursdays close.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Jun 22 2018
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