Weekly Market Commentary: Good Advance for Indices
It was a decent week for the indices, helped in large part by Thursday's volume advance and Friday's little top up. The overall weekly volume wasn't great, but it sets up next week for a challenge of all-time highs for many of the markets.
The S&P is already there as it managed a new closing weekly high.
The Dow is on the verge of a new high and a breakout. Will Monday do it?
The Russell 2000 had the biggest advance on the week, but it still has the most work to do before it gets to clear resistance.
The real action won't come until September, but bulls might put on a little flourish before we get there.
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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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The S&P is already there as it managed a new closing weekly high.
The Dow is on the verge of a new high and a breakout. Will Monday do it?
The Russell 2000 had the biggest advance on the week, but it still has the most work to do before it gets to clear resistance.
The real action won't come until September, but bulls might put on a little flourish before we get there.
---
Follow Me on Twitter
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.
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 strategy and sell it in the MarketPlace to earn real cash.
You can read what others are saying about Zignals on Investimonials.com.
JOIN ZIGNALS TODAY - IT'S FREE!
