Declan Fallon's Comment & Analysis
A complete archive of Declan Fallon's articles, including current analysis & opinion.
The Russell 2000 (IWM) has reached a point where it has successfully rebuffed the bearish inverse hammer with a series of narrow-range candles near its highs and is now ready to challenge the...
Since the successful test of 20-day MAs earlier last week it has been an uptrend for markets. The Russell 2000 (IWM) has been the clear winner, although the S&P 500 and Nasdaq have enjoyed more...
The first step on the move back to highs for indices started yesterday, but it's going to take a concerted effort by bulls to get there.
The concern is that we are looking at a zig-zag move lower,...
With the election over the hangover has kicked in.
Markets liked the result, but it was too much too fast. Sizable breakout gaps have delivered moves back into these zones. True breakout gaps don't...
After indices ailed at resistance for so long traders made the decisive move, buying stocks with glee on Trump's victory. Most of the gains were achieved pre-market on the opening gap, but this gap...
Markets started brightly yesterday but that was it. Heading into the final hour of trading it turned into a bit of a free-fall.
The Russell 2000 (IWM) took the worst of the pain, leaving behind a...
The S&P 500 could not clear the narrow 'bull flag' it looks to be shaping - as long as the 20-day MA remains as support.
A worrying expansion in the 'sell' trigger for On-Balance-Volume indicates...
For a while, it was looking like bulls were going to deliver on the pent up demand that is lingering in the market, but for now, this is on hold for another day.
I had talked about the potential...
While indices are pushing towards new all-time highs there's a case where a larger decline could emerge despite recent benign losses. The first thing to look at is breadth metrics.
In the case of the...
At its simplest, the Russell 2000 (IWM) breakout to new highs has faded back to its 20-day MA on low volume.
This could be considered a "bull trap", but I would be prepared to give the 20-day MA a...