Thursday was another day of the index struggling at the 3000 level. The early morning saw a jump to above 3005 but that was given back and by the noon hour the index was back below 2995. The afternoon was spent with the index still trying to break above 3000. The close saw the SPX falter and close below 3000 but up 8 points on the day to 2997. Friday is truple witching so we could see a lot of choppiness.
Advance Decline Numbers Outlook for Oct 18 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 Thu Oct 17 2019.
Members should review these market breadth signals before trading resumes on Friday. Make sure to read the historic outlook for this week and members should review the Market Direction Portfolio trades and any updates.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 18 2019
Volumes picked up on Wednesday after reports that the likelihood of a trade deal with China being signed by mid-December seemed remote. President Trump reiterated ....... Read More
Market breadth was still good on Tuesday but the S&P after making a new all-time high intraday, pulled back and closed basically flat losing just ....... Read More
Market breadth was once again fairly good on Monday despite the market being heavily overbought. Intraday the SPX made a new all-time high of 3124.17 ....... Read More
More new closing highs on Friday with the S&P closing at the high of the day, 3120.46 on rising volume. The NASDAQ closed at its ....... Read More
On Thu Nov 14 2019 the index ended the day with another new closing high but failed to recover the new intraday high made on ....... Read More
The indexes climbed higher again on Wednesday. The S&P made a new all-time closing high, while the NASDAQ closed down slightly. It was Disney that ....... Read More
Tuesday saw the indexes bounce higher at the open, make all new highs and then give back much of the rally on comments from President ....... Read More
Friday saw new all-time highs again in the indexes. The final 15 minutes of trading saw high volume and a push still higher. Advance Decline ....... Read More