While volume was low on Wed Nov 27 2019 due to the upcoming Thanksgiving holiday on Thursday, equities in general were surprisingly strong and investors were biased to the upside. By the end of the day both the NASDAQ and S&P indexes had made new intraday highs and closing highs.
For the S&P it was the third best single day gain for November as the index closed up 13 points to end the day at 3153.
The NASDAQ also had its third best single day advance of November. It ended up 57 points at 8705 just under 300 points from 9000.
Advance Decline Numbers Outlook for Nov 29 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 27 2019.
Members should review the changes, before markets resume trading on Friday following Thursday’s Thanksgiving holiday..
Members should also check the Market Direction Portfolio changes. Trades occurred on Wednesday and new trades are planned for Friday. All are listed in the trade table. As of Wednesday’s close the Market Direction Portfolio is up 56% since Oct 16.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Nov 29 2019
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