Monday was all about investor concerns over Treasury Secretary Steven Mnuchin calling bank CEO’s on the weekend. Investors started the week off worried that there is more “happening” that investors are fully aware of as markets continue to come unglued.
Monday was just a half day but selling was brisk and investors moved to a broader number of stocks for selling. This included selling out of many stocks that have held up well to the sell-off like Coca Cola Stock (KO) and Microsoft Stock (MSFT) to mention just two. On Monday everything was falling and the correction deepened. The outlook had been for the S&P to reach 2350 this week, probably by Wednesday or Thursday. Instead, the SPX fell almost free-fall in a half day session that put the index at 2351.
Advance Decline Numbers Outlook for Wed Dec 26 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 Monday Dec 24 2018.
Members should review all market breadth signals before trading resumes on Wednesday as there were significant changes again in the Market Breadth Indicator signals on Monday.
Monday saw another new correction low and a new 52 week low. Markets are poised for more selling on Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed Dec 26 2018
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