Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 9
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...
Bears ultimately won out, but it was not Semiconductors that suffered, but the Russell 2000 (IWM) instead. I had talked about the Russell 2000 as the bullish play for yesterday, but in the end, it...
This could be viewed as the glass half full after the Nasdaq gained over 3% on Friday, but the Semiconductor Index is doing its best not to participate in the festive goodwill.
Technicals edge on the...
Yesterday belonged to the Nasdaq. There was a good opening gap and the index kicked on nicely on higher volume accumulation. Technicals are net bullish. Healthy action with no bearish divergences...
The Russell 2000 (IWM) has reached a point where it has successfully rebuffed the bearish inverse hammer with a series of narrow-range candles near its highs and is now ready to challenge the...
Since the successful test of 20-day MAs earlier last week it has been an uptrend for markets. The Russell 2000 (IWM) has been the clear winner, although the S&P 500 and Nasdaq have enjoyed more...
The first step on the move back to highs for indices started yesterday, but it's going to take a concerted effort by bulls to get there.
The concern is that we are looking at a zig-zag move lower,...
With the election over the hangover has kicked in.
Markets liked the result, but it was too much too fast. Sizable breakout gaps have delivered moves back into these zones. True breakout gaps don't...