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

Selling Pressure Keeps Bulls At Bay
Monday's selling in itself wasn't too damaging, but Tuesday and today's action managed to suppress attempts by buyers to claw back those losses.
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Selling Accelerates But Volume Remains Light
There was a pick up to Friday's selling, but while the one-day loss approached 2% for the Nasdaq and S&P it wasn't accompanied with the kind of volume such selling can typically scare up.
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Markets Develop Consolidations Off Their Bases
This week saw markets challenge September's highs, beginning a process of base formation across indices. Volume fell across the week, fitting with a consolidation and not active selling.
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Indices Test September Highs
We started to see a little easing as indices approach September highs. Ideally, we would like to see some sideways action or 'handle' to consolidate gains from the reactive rally off September lows.
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Indices Accelerate Gains
The biggest gain came with the Nasdaq as it moved ever closer to its last swing high in September.
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Russell 2000 Continues To Perform Well
The Nasdaq, S&P, and Russell 2000 all have 50-day MAs to lean on should the need arise, but until then, each index is building on a rally started after the Russell 2000 successfully tested its 200-day MA.
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Comments

Latest Comments
Tech Indices Breakout
5 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
6 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
6 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
6 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 (5 years 9 months)

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

Editor and Contributor
Fallondpicks
2005 - Present (16 years)
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