Friday saw stocks open the day higher and then by 10:30 begin to weaken again. This is the third day of weakness early morning after an early spike.
After the lunch hour stocks fell quickly at 1:13 PM and broke down from 3009 to 2989 as trade fears again erupted as China cancelled a planned visit of representatives to Montana and announced their delegation would be returning home sooner than expected. With October trade talks not enough started, this news spooked investors who remain extremely skittish over the prospects of failure to trade talks with China.
The indexes tried to rally back within minutes but failed. The rest of the afternoon the indexes moved sideways and ended the day lower. The S&P closed below 3000 at 2992.07.
Advance Decline Numbers Outlook for Sep 23 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 Fri Sep 20 2019.
Members should review the signals before trading resumes on Monday. Make sure to read the historic outlook for this week.
Also members should review the Market Direction Portfolio changes and updates.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Sep 23 2019