Stock Market Commentary: Bulls Struggle

Inevitable after a couple days of losses was the rally. However, after a positive start, bulls started to fade into the close. Monday's heavy losses capped any push above those day's highs. Volume was light but will it be enough to facilitate a second attempt at a rally tomorrow?


The Dow was repelled at its 50-day MA.


It was the same story for other indices. At least for the Small Caps both 50-day and 200-day MAs held.


Buy expect tomorrow to see bears re-assert themselves.


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[1] Register at Zignals.
[2] Go to Charts and select a stock (you will be prompted to download Microsoft Silverlight)
[3] Click on the YourCall Icon


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[5] Enter as many calls as you like up until the end of June; these can be long or short signals
[6] Send me your Zignals Userid so I can track the calls made (declan-at-zignals.com) or post it in the comments section of this post. In your email make reference to the competition.
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Good luck!


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.

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