Markets were already weak on Tuesday following Monday’s monster rally so weakness and selling were expected. However a media report that questioned the trial results of the Moderna vaccine saw investors sell the market in the final hour on Tuesday. That selling was the strongest of the day and was steady. Much of it was institutional and it left markets closed at the lows for the day and negative.
Advance Decline Numbers Outlook for Wed May 20 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 Tue May 19 2020.
There are also some stocks mentioned that I will be trading in on Wednesday.
There are changes in the Market Breadth Indicator signals which members should review before markets open on Wed May 20 2020.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For May 20 2020
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