Tuesday started off well with the S&P reaching 3014 just 14 points below the all-time high. However poor earnings from some big cap names, McDonalds, Travelers Companies, and some downgrades on payment processors and diminished outlook for retail sales into the holiday season began to weigh on investors in the early afternoon. News that Brexit was again going to be delayed beyond the Oct 31 deadline was the final excuse to enter some selling and the final hour and a half of trading saw the S&P slip below 3000 in a fairly broad-based selloff. The index closed at its low for the day.
Advance Decline Numbers Outlook for Oct 23 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 22 2019.
There are changes tonight following Tuesday’s close which saw the indexes close at their lows. Members should review the changes.
As well review the new Market Direction Portfolio signals.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 23 2019
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Wednesday saw a dramatic drop in stocks in the final hour of trading. Advance Decline Numbers Outlook for Thu Jun 18 2020 Here are the ....... Read More
Monday saw a dramatic recovery from a steep morning sell-off. Tuesday looks steady to continue the advance. Advance Decline Numbers Outlook for Tue Jun 16 ....... Read More