Thursday saw investors back focused on the Saudi Arabia issue, rise of bond yields to their highest level since 2008, European worries over growth and debt, the decision Mnuchin not to attend the upcoming Saudi Economic Conference and the declines in the Chinese stock market. All of this overshadowed strong earnings and sent the index to their worst loss since Oct 11.
The S&P ended the day down 40 points wiping out much of the gains made on Tuesday’s 59 point advance. The index closed at 2768.78.
Advance Decline Numbers Outlook for Fri Oct 19 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 18 2018.
There are further changes again in the market signals for Friday.
There are also new trades planned for Friday. Members should review the signals before markets begin trading on Friday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Oct 19 2018.
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