Thursday saw the S&P quickly break through 3000 at the start of the say and then dip back to the 2994 level before a second rally pushed the S&P still higher. By noon the S&P had reached 3002 which brought in more sellers. The second dip was stronger on better volume and pushed the S&P back to 2990 which is very light support for the present rally. Two little dips to 2990 brought in buyers and the final two hours saw the market rally a decent volume back to 3000 with a close at 2999.91.
Advance Decline Numbers Outlook for Fri Jul 12 2019
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 Jul 11 2019.
Members should review the signals before trading resumes on Friday. As well there were more trades in the Market Direction Portfolio on Thursday and more are planned for Friday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Jul 12 2019
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