Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 16
It was a bit of an off day. The gap down had all the makings of a substantial sell-off (one I tried to short), but in the end, it was longs who came out on top.The question for today is if yesterday's...
While I was looking for zig-zag measured moves lower for the S&P 500, Nasdaq and Russell 2000 (IWM). All of these indexes did a good job of pushing out of bearish patterns and setting up for...
Yesterday was not a great day for bulls; what looked promising for all indexes intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that...
The S&P 500 was most affected by the presence of converged 20-day and 50-day MAs as it finished Monday with a neutral 'doji' just below these moving averages.The small gain was enough to generate...
There wasn't a whole pile of buying volume to go with gains, but the Nasdaq, S&P 500, and Russell 2000 (IWM) all did their bit to keep the nascent bounce going.It has the look of a zig-zag-like...
The relief bounce for indexes finally hit the first potential reversal point with 'black' candlesticks in the S&P 500 and Nasdaq, and a bearish harami cross for the Russell 2000 (IWM).Trading...
The Russell 2000 (IWM) has been guiding towards this, but the positive reaction in the Nasdaq and S&P 500 following Friday's gains in the Small Caps index is not enough to suggest a swing low is...
While it wasn't the recovery I would have liked, the Russell 2000 (IWM) managed to resist extending its losses. The index did record a loss, and volume was confirmed as distribution, but I would be a...
Monday's selling left no doubt as to who's in control of markets. The real disappointment was how little the 50-day MA played as support given how long ago it was last tested. Instead, we are left...
It will take a few days for markets to digest recent economic news, but it was clear before any announcements were made this week that the rally from October lows had stalled, and markets have now...