On Thursday Jul 12, investors set aside their fears of a potential escalating trade war with China and went back to buying stocks.
The NASDAQ made another new all-time high reaching 7825.67 before closing slightly under it at 7823.92 and volume was good for the index.
The S&P spent much of the day flirting with 2800 and managed to reach 2799.22 before some selling managed to push the index to 2798.29 for the close but 2800 is definitely on the verge of breaking. The index is then just 73 points away from a new all-time high.
Advance Decline Numbers Outlook for Fri Jul 13 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Fri Jul 13 2018.
There are significant changes in the Market Breadth Indicator outlook for both indexes for Friday along with comments on the Market Protection Outlook for Friday that should be reviewed by members before trading resumes.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Jul 13 2018
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