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 than 3032 and rising to 3044 for a trading range of just 12 points. The VIX fell to 12.66 but then moved up to 13.11 by the close which is up by 3.6% from Friday’s close. This indicates some nervousness among investors as the week unfolds toward a highly anticipated interest rate cut and Friday’s October jobs numbers. Overall the day was positive and total trading volumes were quite good.
Advance Decline Numbers Outlook for Oct 29 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 Mon Oct 28 2019.
Members should review the changes for tonight before markets resume trading on Monday. As well members should review the new Market Direction Portfolio signals as new trades are planned for Tue Oct 29 2019.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 29 2019
For Friday, investors face another jobs report, this one for November. I am expecting good numbers and a move higher. Advance Decline Numbers Outlook for ....... Read More
Volume was good on Wednesday and the market shot higher and tried to reach 3120. It came close and ended the day slightly lower at ....... Read More
There are some changes to the layout of the Market Breadth Indicator outlook starting today. Further changes are being implemented based on comments and ideas ....... Read More
The sell-off on Monday Dec 2 was sparked by a lower than expected ISM number. When markets began to sell, larger investors were repositioning for ....... Read More
Volume on Fri Nov 29 was low due to the half day of trading but the SPX opened higher and twice pushed above 3150. Low ....... Read More
While volume was low on Wed Nov 27 2019 due to the upcoming Thanksgiving holiday on Thursday, equities in general were surprisingly strong and investors ....... Read More
The day on Tue Nov 26 2019, saw stocks move higher again and reach another new intraday high. The new high was revisited at the ....... Read More
The day started on Friday with a slight jump which paced the S&P above the 3110 level. From there the index slipped lower reaching 3100 ....... Read More