Thursday July 2 saw all new highs again on the NASDAQ but a continual drop in buyers throughout most of the trading day ahead of the long weekend. For the week, both the S&P and NASDAQ saw stellar performances. The NASDAQ ended the week at a new closing high of $10207 but intraday it reached 10310. The S&P ended the week up 4.1% at 3130. Intraday the S&P index was above 3160.
Advance Decline Numbers Outlook for Mon Jul 6 2020
Here are the market breadth indicator signals along with advance decline numbers from the New York Stock Exchange and NASDAQ from the close of trading on Thursday July 2 2020.
New SPY Trade Strategy Updates
There are further updates for the new SPY Trade Strategy which started on July 1. Each day until the trade ends, I will post updates to advise investors of the plans for the day before markets open.
This strategy is designed for investors seeking limited trading or with little time for trading, but looking for well above average returns and seeking more “hand holding” throughout the trade.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Jul 6 2020
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