Monday, January 11, 2010

Stock Market Commentrary: Mild Selling

Other than a crazy price spike in the S&P it was a day of minor gains for large caps and small losses for Tech. Given the price error in the S&P, looking at the Dow it appears ready to melt higher (again) - as may the S&P.


The semiconductor index issued a turned MACD trigger 'sell' following from an earlier CCI 'sell'.


The VIX pushes deeper into the teens and is looking overstretched to the downside - beware the snap.



Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies for global markets under the user id: ‘Fallond’, ‘ETFTrader’ and ‘Z_Strategy’ available through the latest rich internet application for finance, the Zignals Dashboard; many are ranked in the top-20 for 3-month and YTD performance.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock list watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com; ranked top-20 software product out of 285 listed. Join today - it's free!

 
f9229fcfd1b1390be00cfccc86c90349c93a4179bf4227457c