Monday saw sellers move from many stocks that have made significant profits like the defense sector, credit card stocks, and companies that have had excellent gains but have limited to no profits like Roku, Shopify and Twilio. Gainers were some of the more beaten down companies like FedEx and other transport stocks like Norfolk Southern Corp and Union Pacific Stock (UNP). Other winners were Caterpillar, United Rentals, Wynn Resorts, 3M Company and the banks. This is a sector rotation by larger investors not retail investors as they reposition their portfolio for what they think will have the better profits into the fall period.
Advance Decline Numbers Outlook for Sep 10 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 Sep 9 2019.
Members should review the signals before trading resumes on Tuesday. Make sure to read the historic outlook for the start of the second week of September.
Also members should review the Market Direction Portfolio changes from Monday and plans for trades on Tuesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Sep 10 2019