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


S&P Bull Trap On Higher Volume Distribution
Yesterday's market gains were whipped away on higher volume distribution. This opened shorting opportunities in indices other than the Semiconductor Index.
S&P Breakout + Tech Support Bounce
If volume wasn't just a little disappointing this would have been considered a super solid day for bulls. Having said that, shorts will be feeling the squeeze and anyone short the Dow Jones would have been feeling particularly aggrieved.
Tech Indices Offer Another Chance At Support
Friday saw some big volume trading as options expiration kicked in. The Nasdaq and Nasdaq 100 are both in play for Monday, each offering a chance for longs to enter at a combination of channel support and 50-day MA.
Nasdaq 100 At Support
It was a mixed day for markets. The day started with a gap down but bulls were able to make a respectable recovery to finish well yet still net down on the day.
Potential 'Bull Trap' In Russell 2000
Markets experienced another round of profit taking but there was only one market showing a potential top. Yesterday, the Russell 2000 edged a breakout but today sellers put this in jeopardy with a potential 'bull trap'.
Small Caps Inch Higher
After Friday's sell-off, it was left to bulls to try and paint over the cracks. The Russell 2000 returned to its breakout with a small gain over 1,420.


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
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Work Experience

Senior Market Technician
October 2007 - Present (9 years 10 months)
Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market.
Community Director
October 2007 - Present (9 years 10 months)
Financial market technician and strategist. Social media and community development.
Editor and Contributor
2005 - Present (12 years 8 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