Declan Fallon | TalkMarkets | Page 4
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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Daily Market Commentary: Strong Day For Russell 2000
It was a modest day for the S&P, Dow and Nasdaq indices, but it was a better day for the Russell 2000. The recovery in the Russell 2000 after the channel breakdown took a big step forward as it worked itself off its 50-day MA and finished above its 20-day MA.
Daily Market Commentary: 20-day Moving Averages Hold For Now
Buyers made inroads into yesterday's relatively mild losses. The point of defense were 20-day MAs of the S&P, Dow, Nasdaq and Nasdaq 100. The Russell 2000 found its love at the 50-day MA, although the 20-day MA is only a few points above it.
Daily Market Commentary: Russell 2000 Breakdown
Sellers brought with them volume, but only the Russell 2000 finished the day with a breakdown. The Russell 2000 is trading within a larger, and more significant consolidation, but today's break ends the July-September rally, or at least broadens it.
S&P Disappoints, But Nasdaq And Russell 2000 Play To Form
The S&P experienced mild losses, keeping itself within the boundaries of its narrow trading range. However, S&P technicals favour bulls.
Daily Market Commentary: S&P Disappoints, But Nasdaq And Russell 2000 Play To Form
It wasn't a stellar day, but Tech and Small Caps started to deliver on Friday's promise.
Daily Market Commentary: Bullish End Of Week
The Semiconductor Index didn't offer bears a sniff of an opportunity. The inverse hammer from Thursday could have delivered a short position had it undercut the Thursday low, but this didn't happen. It just fell shy of clearing 652 - the July swing high - but this is looking more likely for the we
Daily Market Commentary: Volatility Expands
After a series of relatively narrow intraday spreads, today was a day when the spread widened. It didn't change too much technically but it's a worry given bulls had started the day so brightly.
Daily Market Commentary: Bearish Inverse Hammer For S&P
Another day of relatively modest action, although the S&P did finish with a bearish inverse hammer which may lead to further weakness tomorrow. A retest of 1,987 would still honor the trading range delivering a down day, but keeping the larger bullish picture intact.
Daily Market Commentary: A Quiet Start To The Week
There wasn't much to say after the long weekend. The Nasdaq added to Friday's gain with another narrow day of higher volume accumulation.
Daily Market Commentary: Semiconductors Gain
Markets finished Friday on a flourish with a close at, or near new highs. Volume climbed to register an accumulation day, which keeps thing ticking over in favor of bulls over the long weekend.
Daily Market Commentary: Light Losses In Indices
Charts are turning into a scatter plot of doji. Today's losses didn't violate support and trading volume was light. Little to worry about here.
Daily Market Commentary: Little Change
Whereas yesterday offered a spark of life from the Russell 2000, today offered little. The Russell 2000 gave back a little of the ground it made yesterday, but not enough to negate the gain.
Daily Market Commentary: Russell 2000 Gains
There wasn't a whole lot of action in the indices today. The only index to come out with anything was the Russell 2000. I thought we would have seen today's gain yesterday, but it was welcome all the same.
Daily Market Commentary: Bullish Rally Continues
There was still a little doubt in today's action with the bulk of the gains coming on the morning gap. However, it did mean the brief pause from Friday was negated by today's push higher.
Daily Market Commentary: Pause In Rally
Friday's action marked a balance between bulls and bears. Tech and Small Cap indices finished with indecisive doji, marking a swing trade opportunity; buy/sell break of Friday's high/low with a stop on the flip side. The S&P and Dow closed lower, but not enough to suggest bears finished the day in
Daily Market Commentary: S&P Breakout
It was the only index with something to play for today, and that play was bullish. The S&P nicked a close above 1,992, which leaves it vulnerable to a 'bull trap' tomorrow.
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