Declan Fallon | TalkMarkets | Page 3
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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Large Cap Indecision, Bearish Small Caps And Tech
Bears did a good job of keeping selling pressure in play with bearish engulfing patterns of the Nasdaq and Russell 2000.
Low Volume Rebound - Relief Rally Done?
The easy work for bulls is done, now the real graft begins if overhead supply is to be consumed. A couple of indices sit at resistance levels more suited to short positions, but shorts haven't had too many opportunities beyond the recent 'bull traps'.
'Bear Trap' In Russell 2000
The Russell 2000 managed a recovery of yesterday's break of the May swing low.
Concerted Bear Move
Bears haven't had too much to cheer as every sell off has been quickly reversed, but today they were given the run of the house.
Small Caps Take The Brunt Of Selling
The aversion to risk continued with Small Caps edging a break below the July swing low on a loss of nearly 1.5%. However, the larger trading range is intact until 1,090 is lost. The 200-day MA is also nearby to lend support.
Friday's Bullish Picture Holds Despite Mild Selling
Friday's buying volume was disappointing, but indices held on in the face of today's distribution. Today's lows mark the new support level for stops, although moving averages are also playing as a broad brush of support.
Raising Yesterday's Gain With A Bigger Loss
Yesterday's recovery rallies were quickly taken out with today's heavy losses.
Bullish Engulfing Pattern In S&P On 50-Day MA
An important day for the S&P when a successful test of the 50-day MA was combined with a bullish engulfing pattern. Better still, the index was able to finish above 1,987, a key support level.
Daily Market Commentary: S&P Possible 'Bull Trap'
It's perhaps a bit of a reach, but the S&P closed below key 1,987 support in what could turn into a 'bull trap'.
Daily Market Commentary: 'Bull Trap' Confirmed In Semiconductor Index
The failed breakout in the Semiconductor Index expanded with another loss above 1%. Monday's loss took it below the 20-day MA, kept the MACD 'sell' trigger in play and generated a CCI 'sell' trigger.
Higher Volume Selling, And Bearish Engulfing Pattern In Russell 2000 And Semiconductor Index
In a day when Alibaba took the headlines, it was left to the Russell 2000 and Semiconductor Index to warn of potential change.
Daily Market Commentary: Accumulation
Bulls had another good day; a third good day in a row. The Dow capped the day with a breakout into what could turn a larger measured move higher.
Daily Market Commentary: Semiconductors Advance
It was a roller coaster day, but the Semiconductor Index was the one to finish with an edge to the bulls. It looks like a break of 652 will happen sooner rather than later, with the swing low at 631 a handy place to mark risk (for a stop).
Daily Market Commentary: Breakouts And Bullish Reversals
The bullish reaction was swift and strong. Shorts who took advantage of the break of support were quickly put on the back foot.
Daily Market Commentary: Small Caps Take Another Hit
Headlines may have suggested otherwise for markets, but Small Caps had a rough day. The Russell 2000 lost over 1% in a slice through both 50-day and 200-day MAs.
Daily Market Commentary: Distribution Returns
It was a second day of heavier volume selling in four for the S&P, and the fifth day of distribution since the last accumulation day. The breakout of 1,987 was undercut by Friday's close in addition to a finish below the 20-day MA.
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