Thu Oct 4 2018 saw the indexes give back some of the most recent rally. The S&P and NASDAQ have been struggling for the past couple of weeks which was evident each night in the Market Breadth Indicator outlook.
On Thursday bond yields continued to inch higher and investors decided to move to the sidelines on many stocks and take some profits.
The result was the worst day since Apr 2 for the indexes, but they are a lot higher now and the drop today in the S&P came close to reaching the 50 day moving average but then recovered to close at the 2900 level.
So what should we expect for Friday as well as next week? Let’s look at the closing Market Breadth Indicator signals and see what they can tell us.
Advance Decline Numbers Outlook for Fri Oct 5 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 4 2018.
There are changes in the Market Breadth Indicator signals for the next trading day. There are also changes in the market protection outlook section, as well as new trades outlined for Friday.
Following today’s large decline, investors should review the notes and trades, before markets resume trading on Friday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Oct 5 2018
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