The indexes tried to jump at the open and indeed within minutes of the open the NASDAQ had set a new all-time intraday high. But then selling emerged as investors decided to get out of banking stocks and energy stocks.
Banking stocks took the brunt of the selling and dragged many stocks lower by early morning. That though brought in buyers who pushed the market indexes back up. Once again by the close of the day, the indexes were sitting with just slight losses.
Here is the outlook for Thursday Jun 1 2017 for the S&P and NASDAQ indexes as seen from the Market Breadth Indicator readings from Wed May 31 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For June 1 2017
Members can sign in to the full members site here
Non-members can join here, read members comments, review membership benefits
Review All Market Breadth Articles
Market Direction Internal Links
Profiting From Understanding Market Direction (Articles Index)