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).


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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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