Market Breadth Indicator – Advance Decline Numbers Outlook For Thu May 24 2018

Market Close on Wed May 23 2018

President Trump’s negative comments on trade with China were enough to start the day in the red for equities on Wednesday. The lows of the day were set almost within minutes of the open and by noon hour stock indexes were well off their lows. I had expected further weakness after a morning rally but that did not occur. Instead the last couple of hours saw stock indexes continue to climb and by the close they were positive on the day, a rather amazing feat considering how low the indexes were at the open. As well sentiment, especially among analysts was very negative at the open. That changed as the market recovered lost ground.

The question now is whether any damage was done on Wednesday with such a low opening.

Advance Decline Numbers Outlook for Thu May 24 2018

Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from Wed May 23 2018 and their outlook for stock markets for tomorrow, Thu May 24 2018.

Members should review signal changes before trading resumes on Thursday.

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