Wed Sep 12 2018 saw markets again under selling pressure as chip-makers continued to feel pressure. Goldman Sachs predicted lower chip demand worldwide. Intel Stock surprisingly managed to close at $44.93 which had been Tuesday’s close. United Technologies Stock (UTX) rose 28 cents, Advanced Micro Devices Stock (And) rose 7.01% and Micron Technology Stock (MU) fell 4.27%. It was a wild day for tech stocks. Apple unveiled new phones and an updated watch after the close. It’s stock closed down 1.24% and after hours it closed unchanged.
Bank stocks were again under selling pressure with only Citigroup and PayPal bucking the trend. The S&P closed flat and the NASDAQ suffered a very small loss. Let’s review the Market Breadth Indicators from Wednesday’s close to see what they can tell us about Thursday’s trading.
Advance Decline Numbers Outlook for Thu Sep 13 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Thu Sep 13 2018 .
There were numerous trades today in the market protection section and there are statements regarding potential trades on Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Sep 13 2018