Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Oct 4 2018

Wednesday Oct 3 saw another dramatic reversal of the day’s morning rally.

The morning started with a bounce higher and stocks roared to 2939.86 just a point from the all-time high of 2940.91. The Dow Industrials was just shy of the 27,000 mark by about 50 points, making a new all-time intraday high of 26,951.81 in the process. However in the afternoon investors noticed a rise in bonds yields, especially the 2 year, 3 year and 5 year which moved to a 10 year high. That sobered up the rally and investors took profits sending the indexes well off their highs in dramatic fashion.

The S&P closed up just a couple of points, the Dow just 54 points high and the NASDAQ up 25 points. All 3 indexes closed positive but the big gains of early in the day vanished. The question now is how often can the indexes keep giving back the day’s rally before investors decide to move to the sidelines.

Advance Decline Numbers Outlook for Thu Oct 4 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 Oct 3 2018.

There are changes in the Market Breadth Indicator signals for the next trading day. There were also trades done in the market protection section on Wednesday and there are more trades planned for Thursday.

Investors should review the notes and trades, before markets resume trading on Thursday.

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