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
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