All 3 indexes started the day with promising gains on Thursday and spent the day climbing to the highest point at 2:30. From there selling took charge and by the end of the day the rallies had been cut back. The Market Breadth Indicators show volume stayed to the downside. There was a lack of strong buying interest which usually advises investors that buyers are expecting lower prices before they will commit capital.
Here are the market breadth indicator signals along with advance decline numbers from the New York Stock Exchange and NASDAQ from the close of trading on Thu Oct 29 2020.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 30 2020