Markets faced a wall of sellers on Monday almost from the moment stocks began trading. Lost in the media buzz was the reality of the S&P making another new all-time high before the selling erupted.
The S&P lost 55 points while the NASDAQ lost 189 points. For both indexes it was a loss of 1.4%
Here are the market breadth indicator signals along with advance decline numbers from the New York Stock Exchange and NASDAQ from the close of trading on Mon Jan 4 2021.
Also included is a trade idea I will be setting up on Tue Jan 5 2021.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Jan 5 2021