Declan Fallon | TalkMarkets | Page 46
Market Commentary
Declan Fallon runs a market commentary blog at Markets.fallondpicks.com, and is a contributor to TalkMarkets and Seeking Alpha. He previously contributed to the Motley Fool. Declan Fallon is also a UI/UX Dashboard Designer for First ...more

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Small Caps Add To Gains - Wednesday, June 20
Good news for momentum traders as the Russell 2000 continued its good run. The Russell 200 will start to get hot when it gets into the 15% profit take zone at 1,732 - a zone last seen tested in December 2016.
Bulls Look To Make A Stand
It's looking a little early for some of the nascent pullbacks but buyers are stepping in here to support markets. Much of this looks to be driven by the secular bull market leader, Russell 2000.
Decision Time For Dow And Semiconductor Index
Bulls have done a good job of clawing back the losses generated by the individual days of selling which have peppered the market since April's lows.
Strong Finish To Week
Markets feeling the pressure of Thursday's selling recovered to maintain recent breakouts. Technicals are all bullish and the index remains well placed for further gains.
Nasdaq 100 Breakout With Dow Jones At Resistance
Since my last update markets continued to edge higher. As of Wednesday's close, the Nasdaq 100 was the latest index to break to new all-time highs.
Fresh Breakouts For Technology Indices
For Monday, buyers have a choice of indices to work with some wiggle room should sellers make a reappearance. At the very least I would be looking for a challenge of 'bull trap' highs from indices exhibiting this pattern.
Base Building Continues
The S&P remained tightly bound and confined to a narrow horizontal range. On-Balance-Volume switched to a 'sell trigger' as other technicals remained positive. The preferred trade is still an upside breakout from the hande.
Second Day Of Bullish Defense
Those brave enough to buy the morning dip will be feeling confident as technicals remain bullish.
Narrow Trading Ranges Set Up New Breakout Opportunities
The past few days have seen markets shape narrow mini-trading ranges, each following breakouts from larger consolidations.
Breakouts For S&P And Russell 2000
The S&P, Dow Jones Index and Russell 2000 all delivered clean breakouts on bullish technicals.
Russell 2000 And S&P Prepare For Breakout
Despite the exit of U.S. from the Iran Deal there was no real damage done to the market. In fact, some indices are well positioned to benefit.
Bulls Make Solid Gains
A solid close to the week helped advance Thursday's recovery. Tech Averages had the best of the action. Any short trades should be covered as the nature of the price action has shifted more sideways to bullish.
Better From Bulls - Shorts Failing To Apply Pressure
The Nasdaq remains closest to declining resistance and unlike other indices it enjoyed an uptick in relative performance.
Mixed Setups; Something For Bulls And Bears
Markets started the day strong - challenging resistance - but were unable to press this advantage.
Bulls Buying The Bounce Offered Little
The S&P generated a small uptick in relative performance but not enough to trigger a 'buy' signal yet.
S&P To Test 200-day MA
The S&P came close to tagging the 200-day MA on the intraday low. The index is on a path to the lower channel. There was no technical change and relative performance remains weak.
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