Stock Market Commentary: Lingers at Friday's Highs
Very little change other than a successful defense of Friday's highs. For the S&P there was a flattening of the MACD but other technicals were able to inch higher
$SPX
The Nasdaq had its third day of lower volume gains, but it wasn't enough to reverse the MACD trigger 'sell'
$COMPQ
The semiconductor index made a better fist of it, but the gap breakout closed with a bearish shooting star as the MACD rolls a top.
$SOX
What can tomorrow offer? Three days of ever lower volume gains suggests there will not be a fourth.
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Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies for global markets, also available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace.
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$SPX
via StockCharts.com
The Nasdaq had its third day of lower volume gains, but it wasn't enough to reverse the MACD trigger 'sell'
$COMPQ
via StockCharts.com
The semiconductor index made a better fist of it, but the gap breakout closed with a bearish shooting star as the MACD rolls a top.
$SOX
via StockCharts.com
What can tomorrow offer? Three days of ever lower volume gains suggests there will not be a fourth.
Follow Me on Twitter
Build a Trading Strategy in Zignals; Read how and earn real money (once out of Beta) in this PDF.
Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies for global markets, also available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace.
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.
JOIN US TODAY - IT'S FREE!