Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 8
After Monday's AI sell-off sent tech stocks reeling, we had some comeback as buyers filled the void, only for traders to take some quick profits off yesterday's bounce.
The Russell 2000 (IWM) posted...
Yesterday's market action turned ugly as tech declines stalled broader rallies but failed to derail them entirely. Surprisingly, the Dow Jones Industrial Average bucked the trend, defying...
Bitcoin continues its post-election run with the December pullback coming to an end. The emergence from a picture-perfect cup-and-handle pattern opens up 130K as an upside - and very reachable -...
So the Trump Bump continues to play out in favor of bulls. Tuesday delivered a clear breakout of the downward channel with only the 50-day MA left to play as resistance.
From a technical perspective,...
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...