Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 7
Friday was a bit of a mixed bag. It was good to see the S&P 500 breakout, but it also coincided with a Russell 2000 (IWM) that closed on a 'black' candlestick at downward channel resistance.
In...
After the day before yesterday's big gains, it was always going to be hard for markets to continue in the same vein. All markets are near 20-day MAs, with the Russell 2000 (IWM) just above this key...
There were early signs of recovery for some markets, but now all lead markets are showing net bearish technicals.
If you are a trading bull looking for silver linings, the Russell 2000 (IWM)...
The Nasdaq undercut its 50-day MA as technicals edged net bearish. However, stochastics [39,1] only just dropped below the 50 mid-level (on the daily timeframe), so this could be a bullish pullback...
The day before yesterday's weak finish set a precedent as to what to expect yesterday. Premarket action had offered some cause for optimism, but strong economic data sent markets packing and it will...
In April last year I took a look at the market potential for a downturn that ultimately, never materialized. That scenario was negated by the break of the March high during the summer, followed by a...
Options expiration will have clouded the volume picture, particularly for the S&P 500, but it was a day for buyers to build some momentum into the Santa rally. The FOMC rate statement put a huge...
All markets enjoyed a bright day - even the Russell 2000 (IWM) - although the last hour of trading saw some comeback across the indices.
The best of the action came from the Semiconductor Index....
The loss of the 20-day MA in the Russell 2000 (IWM) is playing towards a test of the 50-day MA. Friday's premarket had suggested a recovery was possible but the reality was something different....
There was only one winner yesterday: the Nasdaq.
Last week's push past resistance has an established breakout gap (yesterday's gain looks to have put to bed any chance of this gap closing, thereby...