Thursday was yet another wild day for stocks. The day started with a bit of hope as selling early in the morning seemed somewhat contained. That did not last long before selling re-emerged. The afternoon was wild with market dipping deeply mid-afternoon and then trying to recover, only to dip back again.
While all three indexes closed off their lows, losses were still substantial and many more stocks are making 52 week lows. Markets are extremely oversold and have given back gains from the year.
Advance Decline Numbers Outlook for Fri Oct 12 2018
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 Oct 11 2018.
Tonight’s market breadth indicator outlook is expanded following a second day of selling.
There are changes in the Market Breadth Indicator signals for the next trading day along with changes in the market protection section. Trades occurred on Thursday and new trades are planned for Friday and Monday. Members should review all the changes and the outlook before trading resumes.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Oct 12 2018