Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 31
Since indexes returned to breakout support after the early year surge I had thought we could have seen some form of bounce, but the longer markets linger at these levels, the less likely we will see a...
I wouldn't say I like seeing black candlesticks as they reflect a failure of opening strength, and today was one of those days. Black candlesticks are more of a problem at the end of the rally than at...
It was a bit of a sketchy day for markets yesterday, but they were able to recover by the close of business. I would have preferred indexes to have honored my earlier drawn 'bull flags', but markets...
Tuesday was a bad day in the end for markets as it appears traders spent the Presidents' weekend stewing in their juices. The NASDAQ Composite broke below 'bull flag' support, but not enough to...
Markets took another loss on Friday, but there was no change in the larger picture. The key breakouts remain intact, and we are still waiting for the Dow Jones Industrial Average to make its move, but...
Yesterday's gains offered classic 'bull flag' breakouts, but today put a damper on many of those market moves.Russell 2000The Russell 2000 opened near the low of Wednesday. Despite an intraday surge...
As markets retreat back to support, they do so by building 'bull flags.' This action - if it delivers the expected breakouts - will open up for measured moves higher.In the case of the Nasdaq, we have...
A good end-of-week finish for markets offered positive tests of support to head into next week with. The Russell 2000 (IWM) tagged breakout support is defined by November's swing high and 20-day MA....
The December rally, which was looking vulnerable as of Monday, managed to resume its trend before giving back some of those gains today. I'm still looking for a larger move back to retest breakout...
It could have been worse, the potential for losses was quite high, but markets were reluctant to give in to sellers, and many markets finished where they started.The Nasdaq was a case in point....