Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Aug 23 2018

The markets on Wednesday were weak following the trial results of Manafort and plea bargain of Cohen as investors weigh the political uncertainty against whether the markets can continue their advance solely on earnings. With the majority of companies having reported their earnings the question for a lot of investors is whether stocks can move higher into the next quarter results which for the majority of companies, doesn’t start until mid-October. Tuesday saw excellent earnings from stocks like Target and Lowes but they closed well off their intraday highs, an indication that investors are taking some profits on stocks that they perceive could be near the top of their prices for the present. Overall Wednesday Aug 22 was a day of reflection.

Advance Decline Numbers Outlook for Thu Aug 23 2018

Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Thu Aug 23 2018.

There are changes in the market protection outlook as trades were entered and adjusted intraday on Wednesday. More trades are planned for Thursday.

Members should review all the signals before trading resumes.

The market breadth indicator analysis and outlook is for FullyInformed Members.