Stock Market Commentary: Recovers But New Down Channels Intact
Although markets regained much of the ground lost yesterday there wasn't the move to break the newly formed down channels. Buying volume in the Nasdaq was substantially down on yesterday's selling.

But it registered as accumulation for the Nasdaq 100

Small Caps are best positioned to break higher

Channel resistance and the 50-day MA keep the S&P pegged after its almost 1% gain.

So while gains were respectable the down channels drawn yesterday are still in play for key indices.
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But it registered as accumulation for the Nasdaq 100
Small Caps are best positioned to break higher
Channel resistance and the 50-day MA keep the S&P pegged after its almost 1% gain.
So while gains were respectable the down channels drawn yesterday are still in play for key indices.
Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies for global markets under the user id: ‘Fallond’, ‘ETFTrader’ and ‘Z_Strategy’ available through the latest rich internet application for finance, the Zignals Dashboard; many are ranked in the top-20 for 3-month and YTD performance.
Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock list 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 trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com; ranked top-20 software product out of 285 listed. Join today - it's free!