Declan Fallon | TalkMarkets | Page 1
Senior Market Technician at ActivateClients
Declan Fallon is the Senior Market Technician for ActivateClients Ltd., and Community Director for Zignals.com.  Declan Fallon runs a personal blog at markets.fallondpicks.com, is a former ...more

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Buyers Steps In Late
Sellers had looked to press in early trading, but buyers were again there to bid markets higher as they approached last week's spike lows. The net result leaves things as they were with Friday's jobs data the next opportunity to move the needle.
Happy Thanksgiving!
The index most likely to enjoy a good holiday break is the Russell 2000.
Semiconductors Continue To Gain
The 'bull trap' in the Semiconductor index is now negated.
Overreaching Enthusiasm?
The S&P closed with a bearish inverse hammer on Friday, which could turn into a bearish shooting star if there is a gap down on Monday.
Bulls Pressure Highs, Big Recovery In Small Caps
Another good day sent indices back to highs, but it was the Russell 2000 that probably came out best. The S&P is primed for some follow-through tomorrow.
Early Losses Couldn't Kill Yesterday's Gains
Today is no different to yesterday; shorts stick with the Russell 2000, longs with the Semiconductor Index.
Semiconductors Breakout, While S&P Makes Its Move
A solid day for Semiconductors saw a solid breakout from the recent handle (without a violation of the measuring gap), which even managed to mount a challenge on the September 'bull trap'.
Russell 2000 Experiences Increased Selling Pressure
For Tuesday, the Russell 2000 remains the favored short play. Buyers will probably get more joy from Large Cap indices,
Minor Gains Continue As Semiconductors Shape Handle
For today, longs should keep a watchful eye on the Semiconductors, and shorts should look for expanding weakness in the Russell 2000.
Wide(r) Range Day Breaks The Monotony
The Russell 2000 closed with a potential 'bull trap' that could evolve into something bigger, perhaps the only index offering shorts anything as of today's close.
Russell 2000 Adds To Breakout
arge Caps managed to keep themselves out of the limelight with a mid-morning recovery after an opening sell off. Best of the action belonged to the Russell 2000.
Swing Trade Tuesday's Narrow Range
All indices traded themselves into very narrow ranges - offering the potential for a big move once today's high/low are breached. It's the kind of market where everyone is expecting the rally to collapse, but no one wants to make the first move.
Further Minor Gains Extend Rallies
The Russell 2000 had the best of the (modest) action, edging a breakout from the narrow, 6-day handle.
Dow Pushes Well Past Breakout Support
The story for tomorrow isn't much different from today. Shorts should watch for a breakdown in the Nasdaq. Longs can look to the Russell 2000.
Some Bullish Follow Through To Yesterday's Breakout Defense
The shorting opportunity presented on yesterday's intraday close didn't last the morning. The S&P opened above 2,009 support and this level didn't get a look in through the day. I have widened the Fib levels, but there is a chance it will push higher tomorrow.
Late Rally Maintains Breakout Support For A Second Day
The S&P closed with a bullish hammer, but as with any candlestick, a bullish candlestick is considered bullish in an oversold candle - and this is not an oversold market.
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