Thursday, June 8, 2023 6:40 PM EDT
It would have been nice to see some volume to go with today's buying, but we don't always get what we want.
Market Commentary
Declan Fallon runs a market commentary blog at Markets.fallondpicks.com, and is a contributor to TalkMarkets and Seeking Alpha. He previously contributed to the Motley Fool. Declan Fallon is also a UI/UX Dashboard Designer for First ...more
Declan Fallon runs a market commentary blog at Markets.fallondpicks.com, and is a contributor to TalkMarkets and Seeking Alpha. He previously contributed to the Motley Fool. Declan Fallon is also a UI/UX Dashboard Designer for First Derivatives/Kx Systems.less
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Russell 2000 Continues To Surge
Tuesday, June 6, 2023 5:58 PM EDT
After weeks of listless action, the Russell 2000 has suddenly come to life. A second day of strong buying ranked as accumulation, has offered volume comparable to the selling in March (but now as buying).
Russell 2000 Breaks Free Of Congestion
Monday, June 5, 2023 7:40 AM EDT
It was a good day for markets, but it was the Russell 2000 that went on a bender, pushing itself out of its scrappy, multi-week base and slicing through its 200-day MA.
S&P "Bull Trap" Negated As Sellers Lose Momentum
Thursday, June 1, 2023 6:38 PM EDT
It's not exactly textbook, but whenever bears are able to punish markets they are quickly undone, often by a single day of strong buying.
Peak "Black Candlesticks" Again Offer Cause For Concern
Tuesday, May 30, 2023 7:27 PM EDT
With junior traders likely to be still holding the reigns after the long weekend it was worrisome to see 'black' candlesticks pop into the charts of the Nasdaq and S&P.
Solid Gains Into Memorial Weekend As Semiconductors Surge
Monday, May 29, 2023 4:52 PM EDT
Friday offered itself as a solid day for bulls, the only thing it lacked was volume.
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Work Experience
| UI/UX Developer | |
| Kx Systems | |
| March 2015 - Present (8 years 5 months) | |
|
Front-end designer for business intelligence platforms covering financial market surveillance. |
| Editor and Contributor | |
| Fallondpicks | |
| 2005 - Present (18 years 9 months) | |
| Analyzing market trends. Specialist in U.S. Markets and #sectorbreadth analysis. |
| Senior Market Technician | |
| ActivateClients | |
| October 2012 - March 2015 (2 years 6 months) | |
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Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market. |
| Community Director | |
| Zignals | |
| October 2007 - March 2015 (7 years 7 months) | |
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Financial market technician and strategist. Social media and community development. |
Education
| Market Technician Association | |
| Technical Analysis | |
| 2004 / 2007 | |
| Completed level I, II, and III examinations for Chartered Market Technician (CMT) qualification |
| National University of Ireland, Maynooth | |
| Ph.D., | |
| 1993 / 1998 | |
| Nematology |
| Trinity College Dublin | |
| B.A. | |
| 1989 / 1993 | |
| Zoology |
Latest Comments
Markets Enjoy Some Stability
Any movement within a trading range is relatively meaningless - it's only when such support/resistance of that range is breached do you need to consider the 'what next'
Tech Indices Breakout
At some point, semiconductors will emerge from the doldrums. Sure, Semis could take a big haircut: the Philly index is up 350% from its 2009 low (ahead of the 285% gain for the S&P), yet still well off its highs. But to look for a 'lucky if prices only drop 50%,' misses what a canary-in-the-mine sector like Semis has done in a weak economic environment.
Higher Volume Selling, And Bearish Engulfing Pattern In Russell 2000 And Semiconductor Index
Daily Market Commentary: Semiconductors Advance
S&P Disappoints, But Nasdaq And Russell 2000 Play To Form