Tuesday showed what a few comments from Fed officials can create as investors dumped shares of stocks that hade made recent new highs as the Fed seemed to indicate investors should not expect a rate cut anytime soon. That seemed to be in stark contrast to last weeks comments from Fed Chair Powell. The confusion of giving out differing comments gave investors a reason to take profits. The SPX closed down almost 1% with a loss of 28 points. The Dow was down 179 points and the NASDAQ fell 1.5% for a drop of 121 points, the worst decline among the three indexes. Let’s see if today’s selling have made changed to the market breadth numbers and signals for Wednesday.
Advance Decline Numbers Outlook for Wed Jun 26 2019
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 Tue Jun 25 2019.
Members should review the signals before trading resumes on Wednesday as there are some changes tonight.
As well there are changes in the market direction trades planned for Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed Jun 26 2019