On Wed Nov 14 2018 stocks continued to slide although the move lower was not as broad as in past sessions.
Apple Stock moved down to close at $186.80 for a loss of 2.82% and placing the stock in what analysts are referring to as a bear market. I thought the bottom would be around the $190 level but perhaps a bounce will occur shortly. The stock is now down to 15.8 times price to earnings. It certainly is starting to look attractive.
Bank stocks took a beating when Democrat Maxine Waters said easing banking regulations “will come to an end” once she takes the committee chair. I think investors over-reacted but the more lower bank stocks get, the better they look.
By the end of the day the S&P was lower by 20 points, the Dow by 206 points and the NASDAQ by 64 points.
Let’s look at Wednesday’s closing numbers to see what the Market Breadth Indicators can tell us about Thu Nov 15 2018.
Advance Decline Numbers Outlook for Thu Nov 15 2018
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 Nov 14 2018.
Members should review all market breadth signals as well as trades done on Wednesday, before markets resume trading.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Nov 15 2018
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