Declan Fallon | TalkMarkets | Page 93
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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Daily Market Commentary: Modest Bullish Action
The back-and-forth between bulls and bears continued, this time with bulls controlling the day. Action tightened as the spread between the day's high/low narrowed, although the S&P still managed to experience a relatively wide trade day.
Daily Market Commentary: Selling Distribution
Wide range days made appearances across the board. Volume climbed to register distribution, but the day was not significantly bearish to suggest either bulls or bears have control.
Daily Market Commentary: Low Volume Gains
While it didn't bank the biggest percentage gain, the Nasdaq was able to register a day of higher accumulation, although volume was light in general.
Daily Market Commentary: Gap Rally Fades At Close
Bulls made a stab at forming a swing low with a gap open, but were unable to push on with further gains. Sellers returned in the afternoon, but the gap remained in play by the close of play.
Daily Market Commentary: Bulls Take The Advantage
Better stuff from bulls as traders mounted defenses of support. The semiconductor had the best of the action, its large bullish engulfing pattern off the 20-day MA keeps with the story of an accelerating trend.
Daily Market Commentary: Selling Intensifies
After a series of relatively tight trading days, today opened up with a clear swing to sellers. Volume climbed to register distribution, but markets are really feeling for support following recent breakouts.
Daily Market Commentary: Low Prices Rejected
The second half of last week saw challenges of recent highs rejected (for the Russell 2000 in particular), but today it was the turn for bulls to repel the action of sellers.
Daily Market Commentary: Bears Edge Friday
Friday was a relatively disappointing day. The tight action of Wednesday and Thursday gave way to broader range day on Friday, but there was no strong swing one side or to the other - despite jobs data to spice the action. It only whipsawed traders who played the break of the mid-week narrow range.
Daily Market Commentary: Semiconductors Continue To Rally
While the Nasdaq lost some ground by the close, it does have the help of an ever improving Semiconductor Index.
Daily Market Commentary: Market Consolidation
There was to be no comeback by bears after Tuesday's rally supreme. Bulls can take significant comfort from the narrow action near Tuesday's highs.
Daily Market Commentary: S&P And Russell 2000 'Bull Traps' Blown
Well, it didn't last long. The 'bull traps' created in the Russell 2000 and S&P yesterday were dissected by today's open.
Daily Market Commentary: S&P And Russell 2000 'Bull Traps'
Somewhat inevitable events in the Ukraine were going to nix the nascent breakouts for the S&P and Russell 2000.
Daily Market Commentary: Breakout In S&P And Russell 2000
The real breakouts occurred in the S&P and Russell 2000 on Thursday, although it was bit anti-climatic to see these indices make the push given the Nasdaq and Nasdaq 100 had broken out in the weeks before.
Daily Market Commentary: Nasdaq Breadth Strengthens
Very little change in the markets, but there was a net bullish turn in technicals for Nasdaq breadth metrics. The Nasdaq Summation Index is in a clear advance and is on course to reach an overbought state.
Daily Market Commentary: Narrow Losses.
Certainly bears didn't get much out of today, despite the losses. Volume was down, another indication of the lack of interest from sellers (and buyers to a lesser extent).
Daily Market Commentary: Small Caps Breakout
It was looking good for all indices in morning trading, but bears were able to knock back the S&P back inside its base by the close of business. However, the Russell 2000 was able to post a breakout, even if it hasn't gone all the way to new all-time highs, it has made inroads into challenging the 'bull trap'.
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