Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 13
Yesterday, the price action in the Nasdaq was the most telling. The last couple of days have seen the index struggle to recover its 50-day MA, as it closed yesterday with the bearish 'black'...
Last Friday's trading session was a bit of a mixed bag. Buyers stepped in at the 50-day MA for the S&P 500, but they lacked conviction with light trading volume and a net bearish turn in...
Not surprisingly, the Nasdaq and S&P 500 took a big hit yesterday. Monday's weak bounce tapered quickly with the S&P 500 contained by former support, turned resistance.
The index finished the...
This week's market action could be a rollercoaster ride for traders. The Nasdaq's bearish "evening star" candlestick pattern hints at further declines, but a mid-week spike low could offer a reversal...
Monday will be decision time for the S&P 500 as last week's selling tags breakout support, but also breaks a bullish trendline. The selling undercut the 20-day MA with a 'sell' trigger in the...
The S&P 500 and the Nasdaq tumbled yesterday, driven by a sharp decline in microchip stocks.
The Nasdaq was the hardest hit on the day breaching the bearish wedge but on a lighter volume.
The...
The Russell 2000 (NYSE:IWM) surprised many with a strong session yesterday, building on its positive finish last week. The index shows promising signs of forming a right-hand-side base. Technical...
The divergence between the Russell 2000 (IWM), and the S&P 500 and Nasdaq continues. Thursday's surge in the Russell 2000 on higher volume accumulation continued into Friday's premarket and...
The Russell 2000 (IWM) gapped higher with a gain of over 3% as both the S&P 500 and Nasdaq took a hit, the latter nearly shedding 2%.
In the long run, this may be more bullish for the broader...
During a mixed day trading session yesterday, I was unable to gain traction on my positional calls, resulting in a small net loss. This showed up as a narrow range doji for both the Nasdaq and...