Fri Apr 6 2018 Review
Friday definitely gave pause to a lot of investors. In the morning the market held itself to 2650 and then 2635. However it was the afternoon when Federal Reserve Chair Jerome Powell was speaking and commented on the Federal Reserve being on a straight path of interest rate increases. Then there was also comments about a possible trade war with China from Secretary of the Treasury Steven Mnuchin which seemed to contradict earlier statements he had made. All in all it was a very confusing day and as both of these men spoke the indexes all collapsed further. The S&P fell below 2600 to 2586 shortly after 3:00 PM. The close saw slightly heavier volume and a close above 2600 at 2604.47
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index on Fri Apr 6 2018 and their outlook for stock markets for Mon Apr 9 2018.
Market indicators include a look back at the first week of April.
Members should review the Market Breadth Indicators to be prepared for trading resumption on Monday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Apr 9 2018
Members can sign in to the full members site here
Become a member. Join here, read comments, review benefits