The S&P on Thursday fell lower and reached the 21 day moving average late morning shortly before noon. This brought in more buyers and the index spent the rest of the day climbing higher. The S&P reached 2998 around 3:00 PM and closed just below it at 2995. The index should open slightly above 3000 on Friday.
SPX 5 Minutes Intraday Chart for Jul 18 2019
Advance Decline Numbers Outlook for Fri Jul 19 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 Wed Jul 17 2019.
Members should review the signals before trading resumes on Thursday.
As well there were a number of trades in the Market Direction Portfolio that were done on Thursday as outlined Wednesday night.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Jul 19 2019
Volume was good on Wednesday and the market shot higher and tried to reach 3120. It came close and ended the day slightly lower at ....... Read More
There are some changes to the layout of the Market Breadth Indicator outlook starting today. Further changes are being implemented based on comments and ideas ....... Read More
The sell-off on Monday Dec 2 was sparked by a lower than expected ISM number. When markets began to sell, larger investors were repositioning for ....... Read More
Volume on Fri Nov 29 was low due to the half day of trading but the SPX opened higher and twice pushed above 3150. Low ....... Read More
While volume was low on Wed Nov 27 2019 due to the upcoming Thanksgiving holiday on Thursday, equities in general were surprisingly strong and investors ....... Read More
The day on Tue Nov 26 2019, saw stocks move higher again and reach another new intraday high. The new high was revisited at the ....... Read More
The day started on Friday with a slight jump which paced the S&P above the 3110 level. From there the index slipped lower reaching 3100 ....... Read More
Thursday Nov 21 started with the index dropping back to 3094.55 by 10:30 only to find ready buyers. For the remainder of the day the ....... Read More