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

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Markets Make Fresh Attempt At Swing Lows
If we are to get a bottom, then we not only need to see gains, but we also need to see how markets react to the next loss. The March swing low started like what we saw on Friday. Yet when selling emerged, buyers couldn't stop it with days of buying.
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Market Declines Continue
With the losses adding up we can start tracking the relative performance of the indices against their 200-day MAs.
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Sellers Press Their Advantage But Buyers Hold Long Term Advantage
The Russell 2000 had the most bullish candlestick of the lead indices today. Unfortunately, it delivered a downtick in relative performance against the Nasdaq.
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Markets Hanging On
Markets lost more ground on Friday, but the extent of losses was not enough to suggest there was a confirmed break of support across indices - although some are closer to others.
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Neutral Stance For Markets
The Nasdaq enjoyed an accumulation day yesterday, but today's losses didn't rank as distribution despite losing close to 5%.
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Despite The Buying, Breakdowns Remain
Last week closed with sellers in control and this pessimism was reflected in the buying of the last two days. 
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Comments

Latest Comments
Markets Enjoy Some Stability
2 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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Work Experience

UI/UX Developer
Kx Systems
March 2015 - Present (7 years 4 months)

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

Editor and Contributor
Fallondpicks
2005 - Present (17 years 7 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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