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
Thu Nov 7 2019 saw indexes jump to all-time highs across all 3 indexes on reports that further trade negotiations were positive with China. The ....... Read More
Tuesday Nov 5 saw the indexes face some resistance to a move higher as spikes found sellers waiting. With the dollar rising and crude oil ....... Read More
Monday saw all 3 major indexes move to new all-time highs again and close at new highs. Much of the movement up was caused by ....... Read More
Friday Nov 1, saw the S&P and NASDAQ close at all-time highs. Volumes were good and above average although not as strong as Thursday’s market. ....... Read More
Investors took advantage of some “questionable” news on trade negotiations with China along with weaker than expected PMI numbers to take profits after the index ....... Read More
The interest rate cut on Wednesday by the Fed was highly anticipated but the market still liked it and pushed higher. New intraday highs were ....... Read More
Monday saw a new all-time intraday high and a new closing high. The day though was rather sedate with the SPX index falling no lower ....... Read More
Friday saw stocks stay above 3000 for the entire day. Intraday the SPX made a new all-time high but closed just below it. Strength is ....... Read More