Monday saw stocks retest 2900 and several times intraday the index slipped below it and then found buyers. Buyers though are not holding stocks but are trading them and that is leading to lower volumes and a lack of momentum to the upside. You can see that in the stock market outlook charts this evening.
Advance Decline Numbers Outlook for Tue Apr 16 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 Mon Apr 15 2019.
Members should review these signals as there are some further changes from Monday’s close. There are also a number of trades outlined for the next few days.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Apr 16 2019