The final day of August has a history of being poor for the indexes. Friday lived up to that expectation with the S&P virtually flat, the Dow Jones down slightly and the NASDAQ ending slightly higher.
The month though was record breaking for the S&P and NASDAQ with new all-time highs being made. It also turned out to be the best August for the NASDAQ index in 16 years. The S&P added 3.1% in gains in August. For the year it is now up 8.5%.
The NASDAQ gained 5.8% in August and for the year it is now up 17.4%. These are exceptional percentage gains especially considering the media and most analysts remain negative on the markets and the general outlook for equities.
Let’s review Fri Aug 31 and the final week of August to see what we might encounter for the first week of September 2018.
Advance Decline Numbers Outlook for Tue Sep 4 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Tue Sep 4 2018.
The market protection outlook has also been updated for Tuesday and potential trades are outlined.
Members should review all the signals before trading resumes.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Sep 4 2018
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