Friday saw the indexes move higher following somewhat disappointing numbers from the May non-farm payroll numbers. A large part of the rally on Friday was investors believing that Friday’s poor numbers will mean the Fed will raise rates just once more this year, probably in June. Many analysts agreed with investors that the Fed will risk a slowing of what is still a slow economy by raising rates much further, especially when the rest of the industrial world is sitting with historic low interest rates.
This meant by the close of trading on Friday that all 3 major indexes closed at historic highs.
Here is the outlook for Mon Jun 5 2017 for the S&P and NASDAQ indexes as seen from the Market Breadth Indicator readings from Fri June 2 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For June 5 2017
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