On Monday investors struggled to keep the S&P above 2800 while oil collapsed 4% dragging down oil stocks. Financial stocks rose aided by better than expected results from Bank Of America and an upgrade of Wells Fargo Stock (WFC).
Other stocks though were seen under selling pressure as this week many of the bigger corporations on the indexes, begin to report quarterly results.
By the close of trading on Monday, the Dow was up 45 points while both the S&P and NASDAQ were slightly lower.
Advance Decline Numbers Outlook for Tue Jul 17 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Tue Jul 17 2018.
The Market Breadth Indicator outlook for Tuesday discusses a number of changes that members should review before markets open on Tuesday. There are also updates to the market protection outlook.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Jul 17 2018
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