Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 33
It has taken a while, but the 8-day decline has finally flashed reversal candlesticks across indices. Lead indices finished with 'bullish' hammers, with spike lows indicating increased demand. Indices...
Friday's quadruple witching of options expiration made it difficult to confirm the significance of the day-trading action. Some indexes continue to work with the same areas of support from previous...
While last week had a disappointing finish for bulls watching the S&P, NASDAQ, and Russell 2000 - they still have the Dow Jones Industrial Average to rely on. Yesterday, again, the Dow...
Last week started with a sell-off, and when it came to the buyers' turn in the second half of the week, they failed to show. Friday was the icing on the cake as whatever small gains achieved during...
Last Friday, I stated that the second half of the forthcoming trading week would be key for the market's direction. As things stand now, we are looking at a bearish reversal at the resistance that...
With the end-of-year fast approaching, all eyes will be on the S&P 500 next week. This index finished the week on resistance in a set-up which offers a good chance by the close of business...
Traders booted the juniors off the trading desks following the holidays and they weren't happy. Selling in the Dow Jones Industrial Average came off the challenge of resistance defined from the last...
Yesterday was the kind of day which doesn't show up in many scans, but it was one where bulls hold the advantage. Bullish accumulation further confirmed the positive nature of yesterday's action. Any...
Markets eased back from their weekly highs last week on declining volume, but has been a fairly orderly move lower. Support levels are there for indices to lean on. The Nasdaq has its 50-day MA...
Yesterday was a day where either the glass was half-full or half-empty - depending on your point of view. Starting with the Nasdaq, a potential bearish 'harami cross' - usually the most reliable...