On Friday stocks ended a horrendous week with large losses, in a day that saw the indexes make new 52 week lows.
Technically the NASDAQ was “labeled” as having entered a bear market but considering the damage to a lot of stocks, the large percentage of stocks on the NASDAQ and S&P were already in bear markets. Losses in some stocks have been stunning considering the economy is, according to analysts and the Fed, “doing great”.
Advance Decline Numbers Outlook for Mon Dec 24 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 Friday Dec 21 2018.
Members should review all market breadth signals before trading resumes on Monday as there were significant changes again in the Market Breadth Indicator signals.
Friday saw another new 52 week low in the indexes and with Monday being just a half day of trading, it is important to understand how the indexes may end up trading.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Dec 24 2018
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