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

More Of The Same
There was little change on the day-to-day machinations of the market. The S&P is riding along upper channel resistance with technicals still bullish.
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Market Cycle Top?
Nobody can tell what will happen in the future. While the indicators suggest we are near highs there are no defined maximums.
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Day Of Consolidation
Small loses didn't erode prior gains but the tight action offers swing traders the best chance for gain; trading the narrow range coil offers an attractive risk: reward.
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Stock Market: Modest Selling
No surprise to see sellers step in and take profits with markets at or near all-time highs. The S&P remains at channel resistance with 2,553 still a stop level for potential shorts.
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And The Wait Goes On (For The Nasdaq 100)...
The index which looked ready to the pop spent another day on the sidelines.There is little room for maneuver for either side so if the Nasdaq 100 doesn't pop tomorrow it's hard to know when it will.
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Dow Breakout And Russell Adds To Gains
The Dow followed in the footsteps of other indices by mounting a breakout but it was the Russell 2000 which stole today's limelight.
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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
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

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Senior Market Technician
ActivateClients
October 2007 - Present (10 years 2 months)
Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market.
Community Director
Zignals
October 2007 - Present (10 years 2 months)
Financial market technician and strategist. Social media and community development.
Editor and Contributor
Fallondpicks
2005 - Present (13 years)
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