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 ... more

ALL CONTRIBUTIONS

Higher Lows Developing Across Indices
Today's gains registered as higher volume accumulation for many of the indices, but now we need to see if buyers can push to new swing highs.
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Inching Higher But Only May Consolidations Been Challenged
Despite putting in the groundwork for a swing low we are still not seeing a whole lot of demand for building a rally off the lows.
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Buyers Make An Appearance, But Little Change
If we are going to get a swing low of consequence we are going to need days where buyers can build off opening gaps more than what was achieved today.
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Buyers Step In As The See-Saw Between Bulls And Bears Continue
Markets continued with the struggle between bulls and bears with bulls taking Friday's laurels. Friday's trading was clouded by options expiration trading, so it may be a little early to say if we have confirmed accumulation to go with the buying. 
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Weak Bounce Does Not A Bottom Make
Don't expect much from indices tomorrow. but slow, steady gains over coming days would be good.
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Russell 2000 Tests May Low Support
It was a blowout for the Nasdaq and S&P as both indices sliced through the lows of May. It's now left to the Russell 2000 to cling on to support. 
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Comments

Latest Comments
Markets Enjoy Some Stability
4 months ago

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
7 years ago

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.

In this article: IWM, SOXX, SPY, QQQ
Higher Volume Selling, And Bearish Engulfing Pattern In Russell 2000 And Semiconductor Index
7 years ago
Thanks Moon Kil Woong, I like to pair semiconductor action with Nasdaq 100 as a tech-style Dow Theory.
In this article: SPX, SOX
Daily Market Commentary: Semiconductors Advance
7 years ago
If buyers keep a bid under Semiconductors then it's not slowing. Shorts may be happy to watch a break before getting aggressive: a 'bull trap' (i.e. a closing break above 652, followed by a close below 652 on higher volume) could prove opportune. However, as things stand now, bulls have the advantage.
In this article: NDX, SOX
S&P Disappoints, But Nasdaq And Russell 2000 Play To Form
7 years ago
Thanks Susan!
In this article: SPX, SOX
1 to 5 of 5 comments

STOCKS I FOLLOW

AAPL Apple Inc.
NOK Nokia Corporation
QQQ PowerShares QQQ Trust Series 1
SPY SPDR S&P 500
XLU Utilities Select Sector SPDR
XLV Health Care Select Sector SPDR
XUE Xueda Education Group

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UI/UX Developer
Kx Systems
March 2015 - Present (7 years 6 months)

Front-end designer for business intelligence platforms covering financial market surveillance. 

Editor and Contributor
Fallondpicks
2005 - Present (17 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)

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)

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

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