Market Close on Fri Jun 1 2018
The May non-farm payroll numbers exceeded expectations. That brought in buyers who enthusiastically jumped into stocks on Friday. This ended the week and the month on a positive note. If the so-called “May Effect” holds true this year, then the S&P should be higher by the end of the year.
Technology led the rally on Friday and the S&P tech sector reached a new intraday all-time high on Friday.
On Friday many analysts deemed the soft first quarter GDP numbers as “transitory” based on May’s strong employment gains. That too help push stocks higher.
Let’s review Friday’s Market Breadth Indicator signals as well as the final week of May to see what they predict for the start of the first week of June.
Advance Decline Numbers Outlook for Mon Jun 4 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from Fri June 1 2018 and their outlook for stock markets for tomorrow, Mon Jun 4 2018.
Tonight’s Market Breadth Indicator outlook also includes a review of the final week of May, a general outlook for the first week of June and a Market Direction trade I will be entering Monday morning.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Jun 4 2018