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

ALL CONTRIBUTIONS

Waiting For The Bounce
Friday offered the opportunity for more but in the end it was honors even between bulls and bears. The S&P finished the week on bearish net technicals on higher volume distribution.
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Volatility On The Rise
Today's losses look big on current charts but in a historic context, they weren't too severe. Big red bars are not to be ignored and 'market leading' Small Caps have felt the full brunt of the selling from July.
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Time To Short?
We had the profit taking sell-off and then the bounce but is now the time for shorts to come in more aggressively?
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Shorts Take Profits - Bounce Opportunities Available
Last week brought a shock to traders reared on sub-1% daily swings as profit taking losses of 2%+ swept the board on Thursday in the face of Trump uncertainty. It's a bizarre market given uncertainty is the enemy of the market.
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Small Caps Accelerate Losses - Wednesday, August 9
The Russell 2000 has been the index under the most pressure since peaking in July and it was the index to suffer greatest from sellers.
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Semiconductors Make Biggest Gain Of Support
Indices experienced varying degrees of buying Monday, most of it relatively small. Biggest winner was the Semiconductor Index as it rallied from converged channel, 20-day, and 50-day MA support.
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Comments

Latest Comments
Tech Indices Breakout
2 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
2 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
2 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
2 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)
Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market.
Community Director
Zignals
October 2007 - Present (10 years)
Financial market technician and strategist. Social media and community development.
Editor and Contributor
Fallondpicks
2005 - Present (12 years 10 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