Market Close on Wed May 30 2018
On Tuesday it was all about Italian political woes that sent stocks into a tailspin. Today, May 30 2018 it was all about a lack of worries about Italian politics as investors jumped back into the stocks that just 24 hours before they were dumping. This is what investing is all about especially short-term. Investors are emotional and selling always leads to more selling as investors watch stocks tumble and worry they should be selling as well. Today they were back buying with many investors upset they had sold out yesterday.
Financial stocks had a big up day along with tech stocks but by the close almost every sector, but telecoms and utilities were higher. The Russell 2000 made a new all-time high on Wednesday.
Advance Decline Numbers Outlook for Thu May 31 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 30 2018 and their outlook for stock markets for tomorrow, Thu May 31 2018.
Members should review signal changes before trading resumes on Wednesday following Tuesday’s big drop.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed May 30 2018
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