Monday was a better day for the indexes with bank shares finally jumping back into the “game”. Investors snapped up bank shares ahead of bank earnings which start late this week. Bank shares have been lagging the market terribly despite analysts who have continued to discuss big gains coming for bank stocks thanks to rising interest rates and lower unemployment. Bank stocks jumped 3% as a group, the best one day move since March.
Overall it was a strong day with the indexes hitting an intraday peak early in the lunch hour and then closing at the day’s high. The S&P is now within 89 points of making a new record.
Advance Decline Numbers Outlook for Tue Jul 10 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Tue Jul 10 2018.
There are further changes in the Market Protection Outlook for Tuesday that should be reviewed by members.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Jul 10 2018