At one point all three indexes were clawing their way higher on Thursday. By the close those only the NASDAQ managed to cling to a small gain thanks primarily to the rally in health care stocks.
Much of the reason for the drop back on Thursday was concern over the Fed’s release of bank stress test results that took place after hours. While few investors were worried, most didn’t want to be caught by any “surprise”. This led to some selling in the mid to late afternoon which wiped out the day’s gains.
Here is the outlook for Friday Jun 23 2017 for the S&P and NASDAQ indexes as seen from the Market Breadth Indicator readings from Thu Jun 22 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For June 23 2017
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