Daily Market Commentary: Large Caps Lead
Just a brief summary of yesterday's events. Large Caps grabbed most of the attention with the Dow finishing with a new closing high.
But the gain came at the expense of Technology, with the Nasdaq and Nasdaq 100 underperforming relative to Large Caps.
With a 'sell' trigger in On-Balance-Volume for the Nasdaq 100.
Small Caps kept pace with Large Caps; the last three days of tight trading above last week's breakout favors another push higher.
For Wednesday, look for an upside push in Small Caps, with the Dow likely to grab the media headlines (but Small Caps action is more important for the sustainability of the overall rally).
---
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!
But the gain came at the expense of Technology, with the Nasdaq and Nasdaq 100 underperforming relative to Large Caps.
With a 'sell' trigger in On-Balance-Volume for the Nasdaq 100.
Small Caps kept pace with Large Caps; the last three days of tight trading above last week's breakout favors another push higher.
For Wednesday, look for an upside push in Small Caps, with the Dow likely to grab the media headlines (but Small Caps action is more important for the sustainability of the overall rally).
---
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!
