Swing Trading Strategies & Stock Picks Since 2003



Watch Trading Videos for FREE now!
draw trend
You Are Here: Home > Articles > Commentary > Stock Market Commentary

Stock Market Commentary
Jan 06, 2009

Picture

Declan Fallon

add Fallond Stock Picks
More articles
Font Size:
Text size
Text size
Text size

A day when bulls could breathe a certain sigh of relief as last week's low volume gains held in all markets. Volume did rise to register a 'distribution' day but the lack of range to intraday trading suggests no real selling at work.

Best thing about the indices (which triggered Friday) was the net bullish turn in momentum, trend and volume indicators; this strength held through Monday.
Small caps continued to lead as declining resistance, 50-day and 20-day MAs remain decisively breached:

So far so good...


by Declan Fallon (Fallond Stock Picks)

Rate this article

 
 
(click to rate) 


Back to top


You Are Here:Home > Articles > Commentary > Stock Market Commentary

BUY? SELL? HOLD?
Find out now.