Markets seemed to calm down a bit on Friday ahead of the weekend and following two days of large losses on all 3 indexes.
There was some buying on Friday but when looking at the market breadth numbers from Friday, there remains a tremendous amount of weakness.
All of the indexes on Friday closed above their 200 day moving averages which is considered among the best of long-term indicators.
Here is a review of Friday and look back at the second week of October to see what we might expect in the third week of the month.
Advance Decline Numbers Outlook for Mon Oct 15 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from the close of trading on Fri Oct 12 2018.
Tonight’s market breadth indicator outlook also includes a review of the second week of October.
There are changes in the Market Breadth Indicator signals for the next two trading day along with changes in the market protection section. Trades are planned for Monday in the market protection section.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Oct 15 2018
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