Thursday, April 15, 2010

Stock Market Commentary: Pause in the Advance

No surprise to see markets take a pause after yesterday's gains. The S&P posted a fairly standard doji on heavy volume.



But the Nasdaq was able to push a little higher



And the Nasdaq 100 too, although it finished the day at channel resistance



The semiconductor index finished with a bearish shooting star - perhaps the only index to finish the day with something bearish to say:



Breakout gaps are the logical downside target for the next period of weakness but bulls are very much in control.

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, offers a range of stock trading strategies for global markets, also available through the latest rich internet application for finance, the Zignals MarketPortal 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