Stock Market Commentary: S&P Breaks
Shorts which took the jump at 1,150 in the S&P were forced to cover as the index pushed towards 1,160. Volume climbed to register an accumulation day although in relative terms volume was not excessive.
The push higher in the S&P was enough to keep the rallies in the Nasdaq
And Russell 2000 intact
Have a semiconductors broken triangle resistance, or is it simply a need to readjust resistance?
I wouldn't be surprised to see some follow through upside as shorts are forced to reposition themselves.
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The push higher in the S&P was enough to keep the rallies in the Nasdaq
And Russell 2000 intact
Have a semiconductors broken triangle resistance, or is it simply a need to readjust resistance?
I wouldn't be surprised to see some follow through upside as shorts are forced to reposition themselves.
Follow Me on Twitter
Build a Trading Strategy in Zignals; Read how and earn real money (once out of Beta) in this PDF.
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 or the Zignals Trading Strategy MarketPlace.
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.
JOIN US TODAY - IT'S FREE!