Tuesday, April 21, 2009

Stock Market Commentary: MACD 'sells' but 20-day MAs hold

Tech recovered a large portion of yesterday's losses but the break of rising support remained. There was a further weakness in technicals with a MACD trigger 'sell' in the Nasdaq 100.

Large caps were little changed as the Dow flashed a MACD 'sell' of its own.

But 20-day MAs were the real story as all held as support. What will tomorrow bring?

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.