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
Friday saw stocks hold 3000 on the SPX and late in the day stocks rallied into the close. Overnight futures are pointing to a positive ....... Read More
Wednesday saw stocks continue to rally from Tuesday. This time though, stocks rallied into the close, ending the day at the day’s high. Advance Decline ....... Read More
Friday was a slower day for the trading week as investors were leaving early ahead of the Memorial Day Weekend. Yet there were signals worth ....... Read More
The Weekly Initial Unemployment Insurance Claims were higher than a lot of investors had anticipated and that started the day with a bit of a ....... Read More
Markets were already weak on Tuesday following Monday’s monster rally so weakness and selling were expected. However a media report that questioned the trial results ....... Read More
Markets were already signaling a move higher to start this week, when on Thursday and Friday last week, indexes recovered from determined sellers. Monday saw ....... Read More
A morning dive in the markets brought in buyers in the afternoon who pushed back and closed the markets at their highs for the day. ....... Read More
Investors continued to stay nervous today and selling intensified. Tonight’s outlook is expanded in a number of key areas. Advance Decline Numbers Outlook for Thu ....... Read More