Tue Feb 27 2018 Summary
Tue Feb 27 2018 was all about the testimony of the new Federal Reserve Chair Jerome Powell and his Congressional Testimony. At the open all major indexes opened higher and climbed. The S&P made it to 2789 before hints of perhaps a more hawkish tone on interest rates and inflation seemed to be heard from investors. This started the sell-off which by the end of the day sent all major indexes to close on the lows of the day. The S&P closed at 2744.28 a drop of 45 points from the morning high.
Here’s the Market Breadth Indicator outlook for Wed Feb 28 2018.
There are significant changes in the Market Breadth Indicators from Tuesday’s sell-off along with changes to the outlook and the market protection outlook for Wednesday which membes should review before markets open on Wed Feb 28 2018.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Wed Feb 28 2018
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