Wednesday, March 13, 2013

Daily Market Commentary: Healthy Action

Today was just an extension of yesterday's subtle action. The indices barely moved and volume was very light. The two 'big' movers were the Russell 2000 and the Semiconductor Index.

The Russell 2000 inched a new closing high. A reflection of its leadership role, even if the Dow Jones holds the headlines. Bulls should be pleased, this is a far more important index for maintaining a rally than the Dow Jones.

The semiconductor index stays on track with its breakout. Again, this is good news for the Nasdaq and Nasdaq 100.

The Nasdaq 100 looks more attractive for those wanting to play long. Stops on a loss of 2,780.

Healthy action, even if somewhat unspectacular.


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Dr. Declan Fallon is the Senior Market Technician and Community Director for You can read what others are saying about Zignals on