Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 3 2019

Wednesday saw an escalation of Tuesday’s sell-off as investors continue to worry about the potential for a recession. Analysts again warned investors that earnings will be lower than estimated which added to the selling frenzy. These types of sell-offs are usually self fulfilling as selling drags in more investors the lower stock pries fall. Wednesday’s sell-off was the most since August 23 when investors saw a 75 point decline on the S&P.

Stocks closed near the lows of the day but did try to recover to at least 2890. That though failed and the S&P closed at 2887. Wednesday saw just 16 new 52 week highs, the lowest level of new highs since January 15 2019 when the SPX had just 13 new highs.

Advance Decline Numbers Outlook for Oct 3 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 Wed Oct 2 2019.

Members should review the signals before trading resumes on Thursday. Make sure to read the historic outlook for this week.

As well there are additions to the Outlook Section for Thursday.

Also members should review the Market Direction Portfolio trades as there were trades on Wednesday and more are planned for Thursday.

The market breadth indicator analysis and outlook is for FullyInformed Members.