Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & comment - Page 9
Wednesday delivered the long awaited breakout in the Russell 2000 (IWM), and while we didn't get the follow through higher, we did see buyers maintain breakout support.
Friday's selling volume ranked...
The Russell 2000 (IWM) joined the S&P 500 as managed to push to a new closing high (although just shy of a new all-time high). This has been a 3-year journey for the index, and marks an important...
After weeks of inaction the Russell 2000 (IWM) finally made its move.
A surge out of its 'bull flag', which also took out the various upper spikes, has put the index on catchup with the S&P 500...
It was a day when bulls reasserted their control and delivered a solid day of gains after yesterday's recovery. It was particularly satisfying to see this in the S&P 500 as it successfully...
The chart below by J.C. Parets is one I prefer to track. The relative relationship between Consumer Discretionary (XLY) and Staples (XLP) entered a new dimension in 2017 when prior resistance around...
The S&P 500 saw a decisive breakout in September, and so far, it’s managed to hold onto those gains with relative ease.
While the index is lagging behind the Nasdaq, price action remains the key...
It's not strong selling, but it's still selling. The S&P 500 now finds itself back at breakout support as other indices drift further away from all-time highs.
This is an important test because...
While Small Caps typically lead markets, it's currently the S&P 500 doing most of the work. Yesterday's action saw the index move towards a test of breakout support without going all the way.
The...
The Russell 2000 (IWM) had created a resistance break in the move back to the July spike high, but yesterday's loss ended that, opening up the possibility for a double top.
Confirmation won't come...
Yesterday's action looked more like a Triple Witch Friday than anything you would expect to see on a Monday.
A peak of the news mentioned a Fed rate cut and positive news from Intel (NASDAQ:INTC),...