Stock Market Commentary: Rally Strengthens

The new year started with more of the same; across the board gains with supporting accumulation. Small Caps posted a new breakout as technicals strengthened:

Semiconductors have really flown since emerging from the November consolidation - note how the bearish divergence in the MACD trigger line was blown away.

Large Caps found Dutch Courage at their 20-day MAs:

With a rare separating candlestick pair (bullish) for the Nasdaq - also note the bearish divergence break in its MACD trigger line:

Has the tone been set for January? A bright start if nothing else.

Dr. Declan Fallon, Senior Market Technician, November 2009 has seen a significant upgrade and is on course to becoming the eBay of finance with our new Beta MarketPlace and a new rich internet application for finance, the Zignals Dashboard. Zignals now has new fundamental stock alerts, stock charts for Indian, Australian, Frankfurt and soon Canadian stocks, tabbed stock list watchlists, multi-currency portfolio manager, active fundamental system stock screener and trading system builder. New Forex and Index data.

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