Senior Market Technician at ActivateClients

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


Selling Extends For A Third Day
Indices extended loses for a third day but didn't change the picture from yesterday. The S&P is still sitting on a support level of the former channel as On-Balance-Volume extended on yesterday's 'sell' trigger.
Nasdaq Threatening 'Bull Trap'
A second day of selling brought the indices back towards support. The index looking most vulnerable with the potential to 'bull trap' is the Nasdaq.
Dow Struggles Continue As Tech Breakouts Hold
Breakouts in the Nasdaq, Nasdaq 100 and Semiconductor Index remain in effect while the Dow Jones Industrial average took an early hit in profit taking but on lighter volume.
Breakouts For Nasdaq And Nasdaq 100
Leading indices again continued in their leadership roles; the Russell 2000 managed a new swing high with breakouts for the Nasdaq and Nasdaq 100 after Semiconductors closed at new all-time highs.
Russell 2000 Passes Last Swing High As Semiconductors Breakout
The Russell 2000 may not be the index pushing all-time highs but the last four days have seen steady gains for the index - enough to generate a new relative performance advantage against strong performing Nasdaq and Nasdaq 100.
Swing Low In Russell 2000?
It was a strong finish for markets as they clawed back some of the early week losses. Some indices do look better than others and could offer bulls the opportunity they need into next week.


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
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XLV Health Care Select Sector SPDR
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Work Experience

Senior Market Technician
October 2007 - Present (10 years 7 months)
Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market.
Community Director
October 2007 - Present (10 years 7 months)
Financial market technician and strategist. Social media and community development.
Editor and Contributor
2005 - Present (13 years 5 months)
Analyzing market trends. Specialist in U.S. Markets and #sectorbreadth analysis.


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
1993 / 1998
Trinity College Dublin
1989 / 1993