Tuesday’s plunge was deeper than I had expected. There are signs though that the selling on Tuesday may lead to a bounce attempt on Wednesday. While it is unlikely any bounce will hold on Wednesday, Friday could be the hardest day for stocks depending on the status of trade talks with China and we also get the Uber IPO. This IPO is highly anticipated but if priced too high, such as we saw with Lyft, the market may reject the IPO and move lower.
Advance Decline Numbers Outlook for Wed May 8 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 May 7 2019.
There were a lot of changes in the market breadth signals after the close on Tuesday. Members should review these signals before trading resumes on Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed May 8 2019
Wednesday saw investors buy back into the market ending the day higher. The NASDAQ made another new all-time high. Advance Decline Numbers Outlook for Thu ....... Read More
Tuesday saw investors give back some of Monday’s gains. Advance Decline Numbers Outlook for Wed Jul 8 2020 Here are the market breadth indicator signals ....... Read More
Monday saw another strong day of advances across all 3 indexes. Advance Decline Numbers Outlook for Tue Jul 7 2020 Here are the market breadth ....... Read More
Thursday July 2 saw all new highs again on the NASDAQ but a continual drop in buyers throughout most of the trading day ahead of ....... Read More
Wednesday saw the SPX and NASDAQ continue their advance but the Dow Jones index had trouble and closed negative. Advance Decline Numbers Outlook for Thu ....... Read More
Tuesday saw Monday’s rally extended. The day ended with the S&P and NASDAQ closing at the day’s high. Advance Decline Numbers Outlook for Wed Jul ....... Read More
Wednesday saw stocks fall in a broad retreat. Advance Decline Numbers Outlook for Thu Jun 25 2020 Here are the market breadth indicator signals along ....... Read More
Tuesday saw weakness in the mid-afternoon which pushed the index to it’s low of the day. It was still an up day, but the S&P ....... Read More