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
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