Monday finally saw the rally that had been expected. The market had become oversold but more important investors had become overly pessimistic as had most analysts. When the pullback started last Monday analysts felt the dip was to be expected, but by Thursday with the indexes falling again they became pessimistic. However Friday’s recovery from the morning drop was the first clue that the indexes would try to rally to start the week. The second clue was the 100 day moving above the 200 day for a major up signal on the SPX.
Advance Decline Numbers Outlook for Tue Mar 12 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 Mar 11 2019.
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The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Mar 12 2019
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