The S&P drifted for most of the day. The opening saw the decline I wrote about yesterday in the SPY ETF Hedge outline. That was the best and easiest trade of the day for those of us trading the SPY ETF.
The close saw almost no change in the index with just a slight loss of 5 points to close at 3020.97. Most investors are waiting for the Fed’s interest rate decision on Wednesday.
Advance Decline Numbers Outlook for Tue Jul 30 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 Mon Jul 29 2019.
Members should review the signals before trading resumes on Tuesday.
As well there were a number of trades in the Market Direction Portfolio on Monday which should be reviewed.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Jul 30 2019
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