Monday saw the S&P open lower and unable to climb above 2850. All day the 2850 level held the index back as each little rally higher was sold into. The close saw the index lose just over half a percent dropping 19.30 points to close at 2840.23.
Investors continue to remain focused on concerns over trade and now the ban on Huawei brings further doubt for investors on revenue numbers for chipmakers.
Advance Decline Numbers Outlook for Tue May 21 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 May 20 2019.
Members should review the signals before markets resume trading.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue May 21 2019