Closing Comments Wed May 10 2017 : More sideways action again today but there were a lot of changes during the day both in the market and outside it. Politically fallout continued from the firing of the FBI Director by President Trump. The impact on the markets however was slight which was expected.
The NASDAQ made another new closing high. Oil jumped on the back of the lowest weekly inventory levels (USA) this year. I did a lot of trades but my YELP trade is definitely over as the stock plunged on Wednesday, providing the full profit potential the trade could make.
Market Breadth Outlook For Thursday May 11 2017
Here are the Market Breadth Indicator signals after the close on Wed May 10 2017 and their outlook for Thursday May 11 2017.
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Advance Decline Numbers Outlook For May 11 2017
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