Tuesday saw another strong close with the index enjoying the third strongest day of the month, ending up 29.53 points.
Throughout the day the SPX flirted with trying to close above 3000. Despite ending the day at 2995, it was a very strong showing with only two sectors moving lower. Bank earnings on Tuesday before the open were far better than analysts had estimated. This helped propel the indexes higher.
Advance Decline Numbers Outlook for Oct 16 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 Tue Oct 15 2019.
Members should review these market breadth signals before trading resumes on Wednesday. Make sure to read the historic outlook for this week and members should review the Market Direction Portfolio trades and updates.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 16 2019
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