Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Mar 8 2019

Thu Mar 7 2019 marked a fourth consecutive day of declines for the three indexes. The declines were larger on Thursday and while there was no panic, the VIX Index did jump to $17.80 in the morning and $17.67 late afternoon. This is the highest level since Feb 7 and does show there is some concern growing.

Dow transport index was down for the 10th day marking longest decline for the index since February 2009. Small caps fell less than 1% on Thursday which could be marking a stabilizing of the sellers of small cap stocks.

The fear on Thursday came from the ECB which forecast just 1.1% growth for Europe and indicated a resumption of its loans program to European banks which provides stimulus. This is the third such stimulus attempt by the ECB since 2014 to boost European growth. This stoked the fears of a slowing global economy further ,which pushed investors to take profits and saw the indexes tumble on Thursday. By the close they were off their lows but still down the most they have been for the past 4 days.

Advance Decline Numbers Outlook for Fri Mar 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 Mar 7 2019.

Members should review the Market Breadth Indicator signals before trading resumes. There are also comments on some Market Direction trades done today at the close and comments on the continuing trade negotiations with China.

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