Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Nov 17 2020

News of a second vaccine on the verge of release from Moderna with a 94.5% effective rate sent stocks soaring on Monday. Added to the rally was word from Moderna that they believe the pandemic in the USA will be over before the next winter.

The S&P roared to a new all-time high of 3628 and closed at 3626.

The NASDAQ pushed to 11,924.

The Dow Jones rose 1.6% to close at 29950, just 50 points from 30,000.

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 Nov 16 2020.

Also included are a number of trade ideas I will be entering on Tuesday. One trade is poised to return 16% and a second trade has a goal of a 20% return.

  The market breadth indicator analysis and outlook is for FullyInformed Members.  

Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Nov 17 2020

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