Two stories dominated the markets on Tuesday. The first was oil which fell over 2% to a seven month low. With oil now trading below 2017 levels the US dollar rose to a one month high as analysts discusses the collapse of oil into another bear market, the second since August 2016.
Meanwhile repercussions continued in the retail sector as concerns continued to mount over Amazon’s move into Whole Foods and what that will mean for many retail stocks. The day ended with all indexes negative.
Here is the outlook for Wednesday Jun 21 2017 for the S&P and NASDAQ indexes as seen from the Market Breadth Indicator readings from Tue Jun 20 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For June 21 2017
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