Daily Market Commentary: Small Caps Blink?

Another day of 'Meh' action for the indices. The only index suggesting anything of note was the Russell 2000, but only in the context of a possible break of the bearish flag raised yesterday.  There was also a shift in relative strength away from Small Caps towards Tech indices.


The S&P had the best of the action, building on the relative shift away from speculative Small Caps to the safety of Large Cap stocks.


The Nasdaq was the least impacted by the day. On-balance-volume has triggered a 'buy'.


For Thursday, keep an eye on the 'bear flags', and the bear flag in the Russell 2000 in particular.  These look ready to break down.

---

Follow Me on Twitter


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.

Zignals offers a full suite of FREE financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote 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 strategy and sell it in the MarketPlace to earn real cash.

You can read what others are saying about Zignals on Investimonials.com.
JOIN ZIGNALS TODAY - IT'S FREE!

Popular posts from this blog

Nasdaq primed for breakout

S&P "Bull Trap"?

"Black Candlesticks" are a concern for the S&P and Nasdaq

Archive

Show more