Tuesday, March 27, 2012

Daily Market Commentary: Mild Losses

It was a generally good day for the indices.  Markets were able to finish near Tuesday's highs without losing on heavier volume. Because of this, there was little to report on individual charts.

The S&P has its bearish wedge


While the Nasdaq is riding its former support line.


Helped by the semiconductor index's breakout.


The Russell 2000 gave back the most, but the breakout remains valid.


Will any of this change tomorrow?

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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. I offer a range of stock trading strategies for global markets which can be Previewed for Free with delayed trade signals. You can also view the top-10 best trading strategies for the US, UK, Europe and Rest-of-the-World in the Trading Strategy Marketplace Leaderboard. The Leaderboard also supports advanced search capability so you can tailor your strategies to suit your individual requirements.


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