Your #1 Swing Trading Strategy & Stock Pick Site



Premium Stock Picks with Entry, Exit and Stop Loss
STOCK SCREENER on more than 126+ International Exchanges, Funds and 1397 Indices WorldWide
MarketClub incl. Chart Portfolio - Smart Scan - Trade School - Streaming Chart Tools - News...
draw trend
You Are Here: Home > Articles > Commentary > Stock Market Commentary: Flatters to Deceive

Stock Market Commentary: Flatters to Deceive
Feb 03, 2009

Picture

Declan Fallon

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

Small gains which still weren't enough to break through 50-day MA of the Nasdaq or Russell 2000; 50-day MAs of the S&P and Dow remain some distance away. Volume was slightly higher, suggesting modest accumulation - but nothing more.

Click here to enlarge | Open in another window

Technicals of the Nasdaq Bullish Percents are all negative, supporting the idea of an intermediate top. Potential Nasdaq buyers remain best served by waiting for the 50-day MA to break.
Click here to enlarge | Open in another window

Buyers are unwilling to get involved and this means weaker prices from lack of demand rather than active selling. 


by Declan Fallon (Fallond Stock Picks)

Rate this article

 
 
(click to rate) 


Back to top


You Are Here:Home > Articles > Commentary > Stock Market Commentary: Flatters to Deceive

BUY? SELL? HOLD?
Find out now.

Latest Articles