The rally was excellent but while it may not have marked a bottom, it may have helped mark a bottoming process. If you review the Stock Market Outlook for Wed Mar 25 2020 you will see that the technical indicators did not improve dramatically despite the massive rally. That means a lot of the buying was computer driven. Let’s hope weakness does not set back into stocks at this level but Wednesday does look weak with dips likely.
Advance Decline Numbers Outlook for Mar 25 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 24 2020.
Tonight’s Market Breadth Indicator outlook also includes a number of trade ideas for Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mar 25 2020