The afternoon trade action on Friday was incredibly bearish. Volume picked up as sellers, jumped back into stocks in the morning rally but then sold out in the plunge.
Often what we are seeing is those who bought stocks in the rally, such as Friday’s morning rally, jump back out when the rally falls apart. This continues to drive up volumes and is a bearish signal.
Advance Decline Numbers Outlook for Mar 23 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 Mar 20 2020.
Tonight’s Market Breadth Indicator outlook is expanded and covers further outlooks on where the bear market is heading.
As well there are a number of trades discussed for members to view, before markets resume trading.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mar 23 2020
The S&P made another new all-time high on Tuesday, reaching 4086.23 over the noon hour. But the overbought market saw investors take profits in many ....... Read More
Stocks had a rough day on Tuesday following Monday’s massive gain. Some selling was to be expected but in the afternoon when the 10 year ....... Read More
Stocks rose on Monday to start the month of March in a broad rally in the best one day rally since April 6 when the ....... Read More
Stocks fell again on Friday but as the day wore on the NASDAQ moved back positive and the S&P turned positive near the end of ....... Read More
Stocks fell broadly on Thursday as investors worry has turned to what many believe will be rising interest rates and inflation which in turn many ....... Read More
Friday Feb 19 saw the S&P end the day down for a 4th straight day of very mild losses. On Friday it closed down 7 ....... Read More
Friday’s S&P saw the index close at another all-time high of 3934, up 18 points. The NASDAQ saw huge volume again and closed at 14,095 ....... Read More
Thursday’s markets saw the S&P add a slight gain for a new closing high. The NASDAQ saw huge volume and a 53 point advance and ....... Read More