Today started with a bounce and moved higher to close at 3000.93. It was actually an impressive day for the bulls. Below is the 5 day MACD histogram (Moving Average Convergence / Divergence). You can see that last Thursday was actually stronger than today. As well Friday to Tuesday has seen negative histogram readings which confirms that much of the action since last Thursday was sideways.
MACD 5 Day SPX Histogram
Advance Decline Numbers Outlook for Sep 12 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 Wed Sep 11 2019.
Members should review the signals before trading resumes on Thursday. Make sure to read the historic outlook for today.
Also members should review the Market Direction Portfolio changes from Wednesday and review the trades that are planned for Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Sep 12 2019
Stocks opened at record highs on Thursday on news of a partial trade deal with China. The SPX moved above 3175 briefly by 10:20, setting ....... Read More
Volumes were still reasonably good on Tuesday although slightly lower on both the NASDAQ and SPX indexes. Losses were again quite small. Advance Decline Numbers ....... Read More
On Monday the indexes lost ground giving back a handful of points as investors took selective profits. Advance Decline Numbers Outlook for Dec 10 2019 ....... Read More
For Monday, investors are looking at a market that will open within a handful of points from the all-time high. Advance Decline Numbers Outlook for ....... Read More
For Friday, investors face another jobs report, this one for November. I am expecting good numbers and a move higher. Advance Decline Numbers Outlook for ....... Read More
Volume was good on Wednesday and the market shot higher and tried to reach 3120. It came close and ended the day slightly lower at ....... Read More
There are some changes to the layout of the Market Breadth Indicator outlook starting today. Further changes are being implemented based on comments and ideas ....... Read More
The sell-off on Monday Dec 2 was sparked by a lower than expected ISM number. When markets began to sell, larger investors were repositioning for ....... Read More