Market breadth was once again fairly good on Monday despite the market being heavily overbought. Intraday the SPX made a new all-time high of 3124.17 before closing slightly lower at 3122.03.
The NASDAQ rose intraday to 8559.78 for another new all-time high and then closed slightly below it at 8549.94.
Advance Decline Numbers Outlook for Nov 19 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 Mon Nov 18 2019.
Members should review the changes, before markets resume trading on Tuesday.
Members should also check the Market Direction Portfolio changes. There were trades on Monday and more are planned for Tuesday. The Market Direction Portfolio is now up 50.5% since Oct 16.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Nov 19 2019
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