Dashboard Designer for First Derviatives/KX Systems

Declan Fallon is a UI/UX Dashboard Designer for First Derivatives/Kx Systems.  Declan Fallon runs a market commentary blog at Markets.fallondpicks.com, and is a contributor to Talk Markets and Seeking Alpha. He previously ... more

ALL CONTRIBUTIONS

S&P Breakdown From 'Bear Flag'
There was no acceleration in the losses for the Russel 2000 and Semiconductor Index but today it was the turn of the S&P to break from its 'bear flag'.
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Breakowns In Semiconductors And Russell 2000 Indices
There was no reversal on the 'bear flags' but in the case of the Semiconductor Index and Russell 2000 there were breakdowns from those same 'bear flags'.
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'Bear Flags' Take Shape In Indices
Since the last update indices got their bounce but the last couple of days have seen these gains gradually erased. Over the course of the week, the entire bounce has the look 'bear flags' as part of larger measured moves lower.
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Friday's Bounces Ease Back A Little
There was no real surprise to see the gains from Friday come back a little as Thursday's lows play a siren song. The most likely outcome is a consolidation pennant as prices focus off last week's lows.
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Indices Defend 200-Day MAs
Last week's selling put pressure on markets not seen since 2016 but the run of good form has meant Tech and Large Cap Indices are only now testing 200-day MAs. There was a brief overshoot on Thursday but the week closed more settled.
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Buy Signals Blown Away
The support levels which were on offer for the Russell 2000, Dow Jones Industrial Average and S&P were undone by the biggest one-day loss in the year. Not surprisingly, volume rose in distribution as traders bailed.
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Comments

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
4 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
4 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
4 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

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PERSONAL BLOG

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Work Experience

UI/UX Developer
Kx Systems
March 2015 - Present (3 years 8 months)

Front-end designer for business intelligence platforms covering financial market surveillance. 

Editor and Contributor
Fallondpicks
2005 - Present (14 years)
Analyzing market trends. Specialist in U.S. Markets and #sectorbreadth analysis.
Senior Market Technician
ActivateClients
October 2012 - March 2015 (2 years 6 months)

Product specialist and marketing researcher. Improving dealer-client relationships by maximizing returns in the market.

Community Director
Zignals
October 2007 - March 2015 (7 years 7 months)

Financial market technician and strategist. Social media and community development.

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