The indexes climbed higher again on Wednesday. The S&P made a new all-time closing high, while the NASDAQ closed down slightly. It was Disney that helped to propel indexes higher as it rose 7.32%, the biggest one day gain in 7 months. The beginning of public impeachment hearings seemed to leave the market unfazed.
After hours Cisco reported earnings that failed to meet estimates and the stock fell. On Thursday investors get to hear from Walmart which has a wide range of earnings estimates from various analysts. This is the start of big retail names with J C Penny reported Nov 15, Target set to report on Nov 20 and Best Buy on Nov 26, to mention just a few of the retailers reporting.
Advance Decline Numbers Outlook for Nov 14 2019
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 Wed Nov 13 2019.
Members should review the changes, before markets resume trading on Thursday.
As well there were trades in the Market Direction Portfolio on Wednesday and more trades are planned for Thursday. The market direction portfolio is up 43.9% since inception on Oct 16.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Nov 14 2019
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