Wednesday saw a much calmer market. Part of the credit goes to tweets from President Trump hinting at a potential trade resolution. Other credit goes to the deep oversold condition from Tuesday’s plunge. The close though saw computer trading where for about 20 minutes over a billion shares were sold pushing the S&P from a positive close to a negative close and leaving the index once more extremely oversold.
Advance Decline Numbers Outlook for Thu May 9 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 May 8 2019.
There were some further changes in the market breadth signals after the close on Wednesday. Members should review these signals before trading resumes on Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu May 9 2019