Tuesday, July 03, 2012

Daily Market Commentary: Very Low Volume Gain

In one of the lowest volume trading days of the year markets traded yet another higher close. I don't expect the remainder of the week to be any different.  I'll be on vacation and computer-free for the next couple of weeks so updates will be limited to Twitter.

The Russell 2000 continued to play lead charger and comfortably cleared minor resistance at 814.


Tuesday also saw breakouts for the Nasdaq 100:


And Semiconductor index


If these breakouts can hold Monday it will keep attracting money from the sidelines as the July low becomes a more substantial swing low.

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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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