Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 11
The chart below by J.C. Parets is one I prefer to track. The relative relationship between Consumer Discretionary (XLY) and Staples (XLP) entered a new dimension in 2017 when prior resistance around...
The S&P 500 saw a decisive breakout in September, and so far, it’s managed to hold onto those gains with relative ease.
While the index is lagging behind the Nasdaq, price action remains the key...
It's not strong selling, but it's still selling. The S&P 500 now finds itself back at breakout support as other indices drift further away from all-time highs.
This is an important test because...
While Small Caps typically lead markets, it's currently the S&P 500 doing most of the work. Yesterday's action saw the index move towards a test of breakout support without going all the way.
The...
The Russell 2000 (IWM) had created a resistance break in the move back to the July spike high, but yesterday's loss ended that, opening up the possibility for a double top.
Confirmation won't come...
Yesterday's action looked more like a Triple Witch Friday than anything you would expect to see on a Monday.
A peak of the news mentioned a Fed rate cut and positive news from Intel (NASDAQ:INTC),...
The S&P 500 was the index to watch yesterday - it promised much - but in the end, delivered little. The larger picture (weekly charts) still favors bulls, but daily charts are doing their best to...
After blasting through 20-day and 50-day moving averages with little fanfare, the S&P 500, Nasdaq, and Russell 2000 (IWM) all finished with topping doji.
This opens up the possibility for gaps...
Yesterday's economic data generated a sizable gap down across indices which carried into the open and for the morning session.
At this point, bears had all the momentum until buyers made their...
Seller remorse after a weekend of retrospection might have accounted for some of yesterday's buying, and while bullish haramis left in indexes might offer reversal opportunities, overhead supply at...