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

Reactionary Bounce For Indices
After yesterday's gap down there was a bit of a reactionary bounce to the selling. Indices have confirmed breaks from rising channels, so now it's a question of defining how long indices will move sideways for.
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S&P Breaks Rising Sep-Nov Channel
It was no surprise to see indices fall to - or out of - their narrow channels as traders look to consolidate the advance.
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Russell 2000 Consolidates With Other Indices
It was a rare Thanksgiving Friday which didn't see indices close higher as has often been the case in recent years. However, there was no significant damage done to indices by Friday's half-day selling as junior traders ruled the roost.
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Rallies Continue Their Gains
Bulls are starting to put a bit of distance on the prior consolidation of early November and this will only make it easier to extend gains when Santa comes to town.
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Indices Inch Higher
Indices didn't make big percentage moves, but gains were welcome and followed from morning gaps on higher volume accumulation.
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Indices Look To Support At 20-Day Mas
There wasn't a whole lot to Friday's action but for many indices the week finished with a sequence of 2-3 dojis at - or just above - 20-day MAs.
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Comments

Latest Comments
Tech Indices Breakout
4 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
5 years ago
Thanks Moon Kil Woong, I like to pair semiconductor action with Nasdaq 100 as a tech-style Dow Theory.
In this article: COMP, SPX, SOX
Daily Market Commentary: Semiconductors Advance
5 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: COMP, NDX, SOX
S&P Disappoints, But Nasdaq And Russell 2000 Play To Form
5 years ago
Thanks Susan!
In this article: COMP, SPX, SOX
1 to 4 of 4 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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Work Experience

UI/UX Developer
Kx Systems
March 2015 - Present (4 years 10 months)

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

Editor and Contributor
Fallondpicks
2005 - Present (15 years 2 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

Publications