Friday October 13 saw oil prices close at the highest level so far in October due to Chinese imports rising and tensions increasing in the Middle East with Iran squarely in the President’s focus. Netflix shares broke through $200 and banking shares had a mixed day following better than expected earnings from Bank of America that seemed to stop Thursday’s slide in financials but disappointing earnings from Wells Fargo which saw its stock drop 2.8 percent.
The index closed at new highs once again on Friday, although they were off the day’s highs.
Here is the outlook for the S&P and NASDAQ indexes for Monday Oct 16 2017 as viewed by the advance decline numbers from the close of trading on Fri Oct 13 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Oct 16 2017
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