Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 29
Where there was little to say about Monday's trading, there was much more to the recent action. For starters, we saw a significant loss and moving average undercut earlier this week and a continuation...
Today's action in the indices offered an effective repeat of Friday's - as if the weekend never happened. Not much more to add on this. Action still looks favorable for breakouts in the...
There was the risk Friday was going to see markets drift away from their generally bullish setups. Instead, indexes closed the day with small bullish 'hammers' or neutral doji that gives bulls an...
There wasn't much room for markets to gain without driving breakouts, so instead, indexes drifted lower without causing too much damage.The Nasdaq retained 20-day MA support on lighter volume selling....
Today's action finished with low-level losses. Candlesticks were bearish, but this wasn't surprising, given the tags on resistance. Overall, I'm still bullish on markets, but it may take a little...
Two very different things going on in the market at the moment.Nasdaq continues to prepare for a breakout. This time forming a mini-handle just below resistance. Aside from On-Balance-Volume, we have...
Markets experienced modest losses, but the market still has underlying strength. The Nasdaq is primed to break to a new swing high, helped by the relatively light volume associated with today's...
Friday was an excellent day for longs, with all indexes recording gains on higher volume accumulation. The Nasdaq is outperforming both the S&P 500 and Russell 2000, and with the smell of...
Buyers were able to drive gaps higher at the open but couldn't build on the initial gains. The Nasdaq managed to make a new swing high for the March rally, but it could take a while before the...
It's getting a little dangerous for the growth stock index. The Russell 2000 (IWM) is experiencing an ever-decreasing series of individual highs as it looks to defend December lows. Technicals...