Friday Oct 18 was a triple witching day but volumes were not indicative of most triple witching periods. The index flirted with 3000 early morning near the open and then by 12:30 had plunged almost to 2976 before recovering back to 2990. The close was uninspiring at 2986 for an 11.75 point drop on the day. Despite disappointing volume on Friday and a drop back down to below 2980, the third week of October marked the second straight week of gains for the S&P and NASDAQ indexes.
Advance Decline Numbers Outlook for Oct 21 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 Fri Oct 18 2019.
Members should review these market breadth signals before trading resumes on Monday. 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 21 2019
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