Friday’s market state was decided Thursday night when Amazon and Alphabet provided disappointing earnings. Whether the market was “looking” for a reason to move lower or not, it didn’t matter as the market opened down and fell lower. The lowest point came mid-morning around 11:00 when the index reached 2628 and looked set to fall still lower. Instead the market staged a rally that took the S&P back to 2692 from which the index slipped again. By 3:00 PM the S&P was just above the 2640 level but managed to push to a close at 2659. The best that could be said about Friday was that it was nowhere near as bad as Wednesday’s 84 point plunge.
Advance Decline Numbers Outlook for Mon Oct 29 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 26 2018.
Once again following Friday’s further decline into new correction lows, there are changes in the market breadth signals. As well tonight includes a look back at the week just past. There are also trades planned for Monday in the market protection section. Members should review the signals before trading resumes on Friday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Oct 29 2018
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