Wednesday saw indexes climb on the back of comments from China on their willingness to enter a trade deal. While this is obviously vague and is something investors have heard before, it still was what investors wanted to hear and it helped move stocks higher.
Just as important was the Fed minutes in the afternoon which showed a divisive Federal Reserve that was supportive of the markets and indicated they are watching the impact of the trade wars. They made it clearer that they intend to continue supporting the ongoing expansion of the economy. The chance of a rate cut in October however seemed unlikely.
Advance Decline Numbers Outlook for Oct 10 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 Oct 9 2019.
Members should review the signals before trading resumes on Thursday. Make sure to read the historic outlook for this week.
Also members should review the Market Direction Portfolio trades.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 10 2019