Daily Market Commentary: Small Gain Accumulation

The gains were small.  The volume greater.  The rally ticks along.  There is little more to say than that...

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Daily Market Commentary: Low Volume Losses

The mini-rally started in mid-April continued to rule the roost. Today's low volume losses continued with the trend which has supported the rally: namely high volume gains, and low volume losses.

The S&P sits 12% above its 200-day MA, which is unusually high. Although the S&P has managed to rally to 20% above its 200-day MA; typically this is done after a major low, and not at the latter stages of an advance. Neither action in the indices or supporting technicals suggest this rally is about to end soon.

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Stock Picks: $AMBA, $VECO, $CREE, $FTK, $MW, $CCC, $BYI

The following stock picks were reviewed in the links provided in the symbol:

Ambarella: AMBA

Veeco Instruments: (VECO)

Cree: (CREE)

Flotek Industries (FTK)

Men's Wearhouse (MW)

Calgon Carbon (CCC)

Bally Technologies (BYI)

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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. You can read what others are saying about Zignals on Investimonials.com.

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Daily Market Commentary: Distribution

Not surprising given the gains in recent weeks, but sellers made their presence felt on higher volume. The good news was there was no real damage done to the trend, and technicals remain buoyant.

The S&P kept its nose above the rising channel. An undercut would set this up for a move back to channel support.

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Daily Market Commentary: Small Caps Advance

Small Caps got a key uptick against the Nasdaq after two months of underperformance, although the Russell 2000 continued to lag against the S&P. However, today was important day for re-establishing the importance of Small Caps as a component of the broader rally. No rally can sustain itself for long periods without the participation of the Russell 2000.

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Daily Market Commentary: Modest Uptick

No great movement or volume, but at least the push was higher.  The S&P continued to track along upper channel resistance.  Technicals still in good shape despite overbought stochastics.

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Weekly Market Commentary: Double Top in New Highs? Probably Not

Unusual behavior in New Highs / New Lows.  After what looked to have been a fairly reliable peak in the number of (smoothed) NYSE components at new 52-week highs, now looks set to make an even higher high. Given the last peak was a 10-year high, it's odd to see this challenged so soon. However, it does point to the overall strength of the rally to have so many components making new high - a total contrast to the action in the 2007 top.  The current situation has far more in common with peaks in 2004 and 2010, which marked consolidation points of larger rallies

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