Daily Market Commentary: Small Caps Squeeze
($SPX)
via StockCharts.com
Action in Small Caps was of some interest as it continued to ride resistance higher. While shorts were able to take advantage on Tuesday, there was no such luck today as Tuesday's shorts were squeezed by the buying.
($RUT)
via StockCharts.com
Semiconductors offered some interest with a larger than normal gain for the day. While not yet challenging resistance it did reverse 'sell' triggers in the MACD and CCI.
($SOX)
via StockCharts.com
Bulls maintain control and it will take an extended down phase to reverse this trend.
Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. I offer a range of stock trading strategies for global markets which can be Previewed for Free with delayed trade signals. You can also view the top-10 best trading strategies for the US, UK, Europe and Rest-of-the-World in the Zignals Trading Strategy Leaderboard. The Leaderboard also supports advanced search capability so you can tailor your strategies to suit your individual requirements.
Zignals offers a full suite of FREE financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote 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.
You can read what others are saying about Zignals on Investimonials.com.