Mon Jul 30 2018 saw the tech sell-off continue with the NASDAQ down 1.39% losing 107 points. The sell-off expanded on Monday with more stocks joining in the move lower as investors decide to take further profits from the recent run-up.
All indexes were lower including the Russell 2000 small cap index which lost half a percent. There are signs after the close on Monday that the selling could continue for another day, but there are also signs that the market may start to stabilize and perhaps even try a bounce. Let’s take a look at the Market Breadth Indicators from Monday July 30 to see what the final day of July might bring.
Advance Decline Numbers Outlook for Tue Jul 31 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 31 2018.
The Market Breadth Indicator outlook for Tuesday also changes to the market protection outlook. I had outlined some trades I was planning for Monday in the market trend portfolio.
Members should review all the signals before trading resumes on Tuesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Jul 31 2018
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