Mon Apr 9 2018 Review
At the outset of trading on Monday, stocks got a break from all the tariff talk. Even the Syria crisis was not mentioned. Stocks moved higher right through the lunch hour to 2:00 PM. Once it appeared that the S&P would not be able to break through 2650, sellers started to move out of positions which pressured the index lower. Then word came of a possible FBI raid on President Trump’s lawyer’s office and that send stock a lot lower, wiping out the gains made for the day. The day started off bullish and ended bearish.
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index on Mon Apr 9 2018 and their outlook for stock markets for Tue Apr 10 2018.
Members should review the Market Breadth Indicators following the loss of the rally on Monday. At one point the S&P was above 2650 and the Dow was up over 400 points.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Apr 10 2018
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