A better than expected PMI number of Monday was the catalyst, on the back of a very oversold market, that jump started a rally. The NASDAQ still trailed the rally staying negative for much of the session but by the close, both indexes were higher.
The S&P closed up 40 points to end the day at 3310. The NASDAQ moved higher by 46 points to end the day at 10,957.
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 2 2020.
The market breadth indicator analysis and outlook is for FullyInformed Members.
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