Tuesday saw the indexes attempt to push higher but investor concerns over the Trump Administration blacklisting 28 Chinese companies and restricting visas for select Chinese officials sent stocks lower.
By the close it was becoming more evident to investors that the present administration may not be able to secure a deal with China and the trade war would continue longer than investors had anticipated. While many analysts believed further downside in the markets due to “no agreement” on trade with China was “baked into” the market, it is obvious that a lot of investors believed there would be a trade deal shortly. With that outlook “trashed” on Tuesday, here are the Market Breadth Indicator signals for what investors should expect for Wednesday.
Advance Decline Numbers Outlook for Oct 9 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 Tue Oct 8 2019.
Members should review the signals before trading resumes on Wednesday. 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 9 2019