Senior Market Technician at ActivateClients

Declan Fallon is the Senior Market Technician for ActivateClients Ltd., and Community Director for Zignals.com.  Declan Fallon runs a personal blog at markets.fallondpicks.com, is a former ... more

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Bulls Look To Make A Stand
It's looking a little early for some of the nascent pullbacks but buyers are stepping in here to support markets. Much of this looks to be driven by the secular bull market leader, Russell 2000.
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Decision Time For Dow And Semiconductor Index
Bulls have done a good job of clawing back the losses generated by the individual days of selling which have peppered the market since April's lows.
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Strong Finish To Week
Markets feeling the pressure of Thursday's selling recovered to maintain recent breakouts. Technicals are all bullish and the index remains well placed for further gains.
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Nasdaq 100 Breakout With Dow Jones At Resistance
Since my last update markets continued to edge higher. As of Wednesday's close, the Nasdaq 100 was the latest index to break to new all-time highs.
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Fresh Breakouts For Technology Indices
For Monday, buyers have a choice of indices to work with some wiggle room should sellers make a reappearance. At the very least I would be looking for a challenge of 'bull trap' highs from indices exhibiting this pattern.
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Base Building Continues
The S&P remained tightly bound and confined to a narrow horizontal range. On-Balance-Volume switched to a 'sell trigger' as other technicals remained positive. The preferred trade is still an upside breakout from the hande.
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Comments

Latest Comments
Tech Indices Breakout
3 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
3 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
3 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
3 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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PERSONAL BLOG

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Work Experience

Senior Market Technician
ActivateClients
October 2007 - Present (10 years 10 months)
Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market.
Community Director
Zignals
October 2007 - Present (10 years 10 months)
Financial market technician and strategist. Social media and community development.
Editor and Contributor
Fallondpicks
2005 - Present (13 years 8 months)
Analyzing market trends. Specialist in U.S. Markets and #sectorbreadth analysis.

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