Boeing stock has been literally hammered for two straight days. Today the stock fell $24.60 and closed at $375.41. Intraday it was down to $368.00. It has been the worst 2 days for the stock since June 2009. It impacted much of the trading on Tuesday as it was the principal stock that pulled the Dow lower and unlike Monday, there was no stock that could counter the big dip from Boeing. That led to the Dow falling 96 points by the close but it is still above 25500 which remains bullish.
The S&P tried repeatedly to push beyond 2800 but was unable to push sellers aside. It closed up however by 8.22 points to 2791.52. The NASDAQ rose almost half a percent closing at 7591.03.
Advance Decline Numbers Outlook for Wed Mar 13 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 Mar 12 2019.
Members should review the Market Breadth Indicator signals before trading resumes.
Trades For Wednesday
There are also some stocks listed that I will be watching for some trades on Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed Mar 13 2019
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