Monday saw the indexes bounce back following an early morning drop. This was natural after the rally on Thursday and especially Friday which left the indexes overbought. Monday;s early morning drop was bought into as expected and the SPX rose to just shy of 2960 before an afternoon drop sent the index back negative to close at 2938 for a loss of 13 points. Investors remain concerned about the trade negotiations with China and what appears to be conflicting “stories” about the potential for a partial versus a full trade agreement.
Advance Decline Numbers Outlook for Oct 8 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 7 2019.
Members should review the signals before trading resumes on Tueday. Make sure to read the historic outlook for this week.
Also members should review the Market Direction Portfolio trades.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 8 2019
Tuesday saw Monday’s rally extended. The day ended with the S&P and NASDAQ closing at the day’s high. Advance Decline Numbers Outlook for Wed Jul ....... Read More
Wednesday saw stocks fall in a broad retreat. Advance Decline Numbers Outlook for Thu Jun 25 2020 Here are the market breadth indicator signals along ....... Read More
Tuesday saw weakness in the mid-afternoon which pushed the index to it’s low of the day. It was still an up day, but the S&P ....... Read More
Monday was a rather choppy day but stocks pushed higher through most of the day and closed positive. The NASDAQ closed at a new all-time ....... Read More
Friday saw stocks under selling pressure right from the open. The day ended with slight losses of half a percent and the SPX down to ....... Read More
Thursday saw stocks stage a late day rally, which has been common over the past few weeks. Both the S&P and NASDAQ closed higher. Advance ....... Read More
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