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

Semiconductors Tick Along
It was another quiet day for indices but the Semiconductor index was able to add over 1% on the day.
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Markets Consolidate
After two days of gains it was time for consolidation in markets. The Russell 2000 didn't get this memo and added a third day of gains managing a new closing high.
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Bulls Have Breathing Room
The second day of gains has severely stressed any shorts left in the market. Volume rose in confirmed accumulation as buyers pushed markets well away from nearest support.
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Breakouts All Around: Nasdaq, Russell 2000 And S&P
The French election result was greeted as a welcome trigger for breakouts. All indices benefited from the action. Best of the action was in the Russell 2000.
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Nasdaq Technicals Net Bullish As Breakout Readies
Things are looking good for the Nasdaq as technicals return net bullish after a brief period of bearishness. The index is nicely placed for a breakout on Monday, especially given the relative outperformance of the Nasdaq against its peers.
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Markets Rally, But Still Work To Do
A positive response to Friday's selling helped erase those losses, but for many indices it wasn't enough to recover support or reverse technical 'sell' triggers. The S&P is on the verge of a 'death cross' between 20-day and 50-day MAs.
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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

Latest Posts

Work Experience

Senior Market Technician
ActivateClients
October 2007 - Present (9 years 8 months)
Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market.
Community Director
Zignals
October 2007 - Present (9 years 8 months)
Financial market technician and strategist. Social media and community development.
Editor and Contributor
Fallondpicks
2005 - Present (12 years 6 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