Tuesday, August 23, 2016
Posted by Declan Fallon at 11:11 PM
Monday, August 22, 2016
At least the S&P is holding breakout support. Watch for 'sell' triggers in +DI/-DI and On-Balance-Volume.
Posted by Declan Fallon at 10:28 PM
Sunday, August 21, 2016
The only disappointing aspect to the Semiconductor Index is the failure in the MACD to kick higher. It's not a deal breaker as price action and other technicals are very healthy.
Posted by Declan Fallon at 9:31 PM
Wednesday, August 17, 2016
Buyers look keen to defend drops below 2,170 in the S&P. Volume climbed to register accumulation, despite general holiday volumes. Bulls will want to see a fresh MACD 'buy' to confirm an end to an effective 7-week consolidation. Aggressive traders can look to the 20-day MA for buying opportunities and/or trailing stops.
Posted by Declan Fallon at 11:49 PM