Wednesday, March 18, 2009

Stock Market Commentary: Significant Accumulation

Tech picked up the pace with one of the heaviest trading days in months. The Nasdaq pushed above its 50-day MA taking its lead from the Nasdaq 100 yesterday. Technicals all finished net green as relative strength swung back in favour of Small caps, then Tech and finally Large Caps - the most bullish alignment for markets.


Another positive is the consolidation breakout from the semiconductor index. This will give indices another push, particularly the Nasdaq and Nasdaq 100.


Another day to suggest it's time to Buy-the-Dips

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website
 
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