I had expected more volume for Fri July 20 as it was the end of monthly options and earnings from Microsoft and Honeywell should have been enough to help spur buying interest. Even Philip Morris Stock (PM) moved higher by over 4% which beat out Honeywell’s 3.79% gain.
Tweets from the President regarding Federal Reserve interest rate policies seemed to keep some investors on edge and continued worries over tariffs are still bothering most investors.
Friday ended with small losses on all three indexes but for the week, the indexes were relatively unchanged with the S&P up by 0.52 points and the NASDAQ,
Advance Decline Numbers Outlook for Mon Jul 23 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 23 2018.
The Market Breadth Indicator outlook for Monday includes a review of the third week of July and outlook for the fourth week. It also includes changes to the Market Protection Outlook for next week.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Jul 23 2018
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