Stock Market Commentary: Breakouts Hold
Courtesy of Fallond Stock Picks
Magnificent match between Ireland and France for World Cup final, not over yet though…
Markets held their breakouts with some heavier volume at support (although the mild selling is registering as ‘distribution’). You could pick and choose your indices on this; Nasdaq and S&P are good examples of the breakout support
Also good news were held breaks of 20-day and 50-day MAs for the Russell 2000 and Semiconductor index.
Aggressive traders could look to play a break of 3-day highs with a stop on loss of 2-day lows.