Investors decided on Friday that the July non-farm payroll numbers were good enough to buy stocks. Friday saw the indexes build on Thursday’s momentum. The S&P climbed as much as it did on Thursday and closed the week up 21 points for the best showing since the second week of July. For the month of July the index was up 6.2% since January and 4.49% since the end of June.
The NASDAQ which has seen selling pressure is still up 13% since the start of 2018. Let’s review the Market Breadth Indicator signals from Friday and last week and look out to Monday and the first week of August.
Advance Decline Numbers Outlook for Mon Aug 6 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Mon Aug 6 2018.
The Market Breadth Indicator outlook for Monday also has changes to the market protection outlook trade information for Monday.
Members should review all the signals before trading resumes.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Aug 6 2018
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