The market twas lower for much of the day on Thursday. News of another attempt at a Covid-19 stimulus bill before the end of the year, sent stocks higher in the afternoon and to a positive close.
The S&P ended the day still above 3580 up modestly.
The NASDAQ rose 103 points to close at 11,904, less than 100 points from 12000.
Here are the market breadth indicator signals along with advance decline numbers from the New York Stock Exchange and NASDAQ from the close of trading on Thu Nov 19 2020.
Also included is a trade idea I will be trying to setup on Friday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Nov 20 2020
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Wednesday saw the NASDAQ rebound following two heavy days of selling as a lot of investors jumped back into stocks they felt has been pushed ....... Read More
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A better than expected PMI number of Monday was the catalyst, on the back of a very oversold market, that jump started a rally. The ....... Read More
All 3 indexes lost more ground on Friday but losses could have been worse if not for a late afternoon rally that closed all 3 ....... Read More
All 3 indexes started the day with promising gains on Thursday and spent the day climbing to the highest point at 2:30. From there selling ....... Read More