Investors realized that with the Federal Reserve effectively sidelined for the rest of the year against another rate increase, the markets should be able to move higher. Investors jumped back in and bought stock sending the S&P back above 2850 and effectively wiping out the dips of the past two days and finally closing above 2850.
The NASDAQ had an excellent day rising over 100 points for the second best day of the month and placing the index within each reach of 8000.
Advance Decline Numbers Outlook for Fri Mar 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 Mar 21 2019.
Members should review these signals as there are changes tonight following the rally to close above 2850. There are also changes in the “Latest Outlook”, Protection Level and VIX Index Strategy.
I also updated the trades from Thursday and added in some of the stocks I am following for Friday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Mar 22 2019
Members can sign in to the full members site here
Become a member. Join here, read comments, review benefits