Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Nov 20 2018

The NASDAQ collapsed 3% on Monday for its worst day in 3 weeks as Apple, Facebook, Amazon and to a lesser extent Alphabet fell deep enough to drag the index lower pushing it to within 28 points of 7000.

The Dow closed down 395 points to within 17 points and once more breaking below 25000 and the S&P fell 45 points to close below 2700 at 2690.73.

The selling started when the home-builder confidence numbers showed their lowest level in four years. That, coupled with a growing realization from investors that trade negotiations with China would probably amount to nothing this year, added to the sellin pressure.

The Market Breadth Indicator signals from Friday had pointed to more downside for Monday so let’s review their outlook for Tuesday Nov 20.

Advance Decline Numbers Outlook for Tue Nov 20 2018

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 Nov 19 2018.

Members should review all market breadth signals. As well there were a number of trades done in the market protection section and more trades are planned for Tuesday.

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