Tuesday, August 14, 2012

Daily Market Commentary: Holding Fort

Another tight day on slightly heavier volume trading. Small Caps took the worst of it, but it was still a relatively minor loss.

The Nasdaq closed with a bearish 'cloud cover' diagnosis on confirmed distribution.  Tomorrow looking like it will be a down day with the index overbought.

The S&P was relatively quiet.

With the Dow up against resistance

So, will tomorrow be the down day?


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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 Trading Strategy Marketplace Leaderboard. The Leaderboard also supports advanced search capability so you can tailor your strategies to suit your individual requirements.

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