Bulls Keep The Pressure On
by Chart School - April 22nd, 2010 10:07 pm
Daily Market Commentary: Bulls Keep The Pressure On
Courtesy of Fallond Stock Picks
Small Caps again took charge and dragged Tech indices with the help of the semiconductor index. Bulls used rising support to launch their attack as the Russell 2000 added another percentage point. Supporting technicals made modest gains but are mapping bearish divergences with lower highs – but bulls won’t be complaining too much.
via StockCharts.com
The Nasdaq managed a new closing high, Thursday’s trading engulfing the narrow trading range from Wednesday. It’s nicely set up for a positive Friday.
via StockCharts.com
The semiconductor index added close to 2%, negating what was the most bearish close from the indices I track
via StockCharts.com
The strength in Small Caps and Tech filtered down to at least a positive finish for the S&P. But even here there is enough to suggest Friday could follow through higher
via StockCharts.com
Markets are nicely poised to continue higher – extended though they are. Will Amazon and Microsoft earnings be the dampner?
Stock Market Commentary: Modest Tech Gains
by Chart School - February 3rd, 2010 9:38 pm
Stock Market Commentary: Modest Tech Gains
Courtesy of Fallond Stock Picks
A non-event day; techs made small gains, small and large caps posted small losses. From a technical perspective there was at least a stochastic ‘buy’ for many of the indices.
The Russell 2000 remained contained by its 50-day MA
Of the market breadth indicators, the Percentage of Nasdaq Stocks above their 50-day MA marked a bottom as it crossed its 5-day MA helped by an Ultimate Oscillator ‘buy’.
Other market breadth indicators are still some way from firming a bottom but buyers are prepared to take a look here.
Stock Market Commentary: Breakouts Hold
by Chart School - November 18th, 2009 8:56 pm
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.