Friday saw stocks rally the best they had all week. But, as we saw on two other rallies during the final week of June, the rallies failed. On Friday the rally managed to give the indexes a positive close but most of the rallies on each of the three indexes were lost.
During the day on Friday the S&P reached 2743 but closed up just 2 points at 2718.37.
The Dow Jones rose to 24,509 but closed up just 55 points to 24269.71.
The NASDAQ rose to 7573 but closed up only 6.62 points to 7510.30.
All three indexes saw their intraday gains wiped out in the final 45 minutes of trading.
Nike was the big winner on Friday rising over 11% to close at $79.68. Banks stocks started off strong but most ended the day weak.
Advance Decline Numbers Outlook for Mon Jul 2 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Mon Jul 2 2018.
Members should review the signals to be ready for the markets opening on Monday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Jul 2 2018
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