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<?xml-stylesheet type="text/xsl" media="screen" href="/~d/styles/rss2full.xsl"?><?xml-stylesheet type="text/css" media="screen" href="http://feeds.feedburner.com/~d/styles/itemcontent.css"?><rss xmlns:feedburner="http://rssnamespace.org/feedburner/ext/1.0" version="2.0"><channel><title>Fallond Stock Picks</title><link>http://www.markets.fallondpicks.com/</link><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" type="application/rss+xml" href="http://feeds.feedburner.com/FallondTradeHistory" /><description>Find the Latest Stock Market Commentary and Stock Picks by Dr. Declan Fallon, Senior Market Technician for Zignals.com</description><language>en</language><managingEditor>noreply@blogger.com (Declan Fallon)</managingEditor><lastBuildDate>Thu, 23 May 2013 15:38:16 PDT</lastBuildDate><generator>Blogger http://www.blogger.com</generator><openSearch:totalResults xmlns:openSearch="http://a9.com/-/spec/opensearchrss/1.0/">2561</openSearch:totalResults><openSearch:startIndex xmlns:openSearch="http://a9.com/-/spec/opensearchrss/1.0/">1</openSearch:startIndex><openSearch:itemsPerPage xmlns:openSearch="http://a9.com/-/spec/opensearchrss/1.0/">25</openSearch:itemsPerPage><feedburner:info uri="fallondtradehistory" /><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="hub" href="http://pubsubhubbub.appspot.com/" /><feedburner:emailServiceId>FallondTradeHistory</feedburner:emailServiceId><feedburner:feedburnerHostname>http://feedburner.google.com</feedburner:feedburnerHostname><feedburner:browserFriendly>This is an XML content feed. It is intended to be viewed in a newsreader or syndicated to another site, subject to copyright and fair use.</feedburner:browserFriendly><item><title>Daily Market Commentary: S&amp;P Bull Trap</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/6JCPnePOez4/daily-market-commentary-s-bull-trap.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Thu, 23 May 2013 15:38:16 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-3722893178756146287</guid><description>Today's losses were small, but enough to leave a 'Bull Trap' in the S&amp;amp;P. It was the only real action of note on the day. &amp;nbsp;Lower volume kept this from being a distribution day.&lt;br /&gt;&lt;br /&gt;The S&amp;amp;P came close to a test of the 20-day MA with a pending bear cross in the MACD and On-Balance-Volume. There was also a relative shift against the Russell 2000, which is better news for bulls as defense of Small Caps outweighed that of Large Caps.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-GYHx57EdM-s/UZ6YUaposzI/AAAAAAAAJE4/tv_8DVhrM_E/s1600/SPX_May23.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-GYHx57EdM-s/UZ6YUaposzI/AAAAAAAAJE4/tv_8DVhrM_E/s1600/SPX_May23.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq opened just above its 20-day MA, but spent the rest of the day advancing. &amp;nbsp;MACD trigger 'sell' &amp;nbsp;probable tomorrow.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-khRfssD4Mb0/UZ6ZCBSNy7I/AAAAAAAAJFE/1blVGOwCFGk/s1600/COMPQ_May23.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-khRfssD4Mb0/UZ6ZCBSNy7I/AAAAAAAAJFE/1blVGOwCFGk/s1600/COMPQ_May23.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Russell 2000 defended rising support, and was able to close a little higher.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-J6ymGF3mfQc/UZ6ZtTnF2wI/AAAAAAAAJFQ/aPDC4XhxcdA/s1600/RUTX_May23.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-J6ymGF3mfQc/UZ6ZtTnF2wI/AAAAAAAAJFQ/aPDC4XhxcdA/s1600/RUTX_May23.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Tomorrow may see a little more aggression from bulls in the morning, but it will be tough to see significant inroads into yesterday's losses.&lt;br /&gt;&lt;br /&gt;----&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-GYHx57EdM-s/UZ6YUaposzI/AAAAAAAAJE4/tv_8DVhrM_E/s72-c/SPX_May23.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-s-bull-trap.html</feedburner:origLink></item><item><title>Daily Market Commentary: Nasdaq Breaks Support</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/rpKsbLWZXnM/daily-market-commentary-nasdaq-breaks.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Wed, 22 May 2013 15:16:23 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-4080107796685541427</guid><description>It has taken over a month for sellers to mount a high volume challenge, but today was one such day. &amp;nbsp;In terms of total volume, it was one of the worst days for 2013. And in the context of the rally, it offers a sign for a potential swing high, but doesn't break the larger bullish trend - it will take much more selling to do that.&lt;br /&gt;&lt;br /&gt;The Nasdaq did lose the tightly ascending support line established from the April swing low. &amp;nbsp;A move to the 20-day MA looks most likely.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-epihTuB-MXM/UZ1BdyQWHOI/AAAAAAAAJEI/ADQ5OOXjbMM/s1600/NASDAQ_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-epihTuB-MXM/UZ1BdyQWHOI/AAAAAAAAJEI/ADQ5OOXjbMM/s1600/NASDAQ_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;Supporting a call for a swing high in the Nasdaq, is the swing reversal in the Percentage of Nasdaq Stocks Above the 50-day MA.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-nJiCk_sGwBM/UZ1B5FXUnFI/AAAAAAAAJEQ/03mIjTJG_B8/s1600/NAA50_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-nJiCk_sGwBM/UZ1B5FXUnFI/AAAAAAAAJEQ/03mIjTJG_B8/s1600/NAA50_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Plus the heavier than expected selling in the semiconductor index; a key leadership index for bullish rallies. &amp;nbsp;There was also a relative shift away from semiconductors to Nasdaq 100 stocks at large. &amp;nbsp;The semiconductor index is likely to see a 20-day MA test on Thursday.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-Ou-JXE3gMy4/UZ1COCeLYJI/AAAAAAAAJEY/OPxDor2KlOQ/s1600/SOX_Apr22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-Ou-JXE3gMy4/UZ1COCeLYJI/AAAAAAAAJEY/OPxDor2KlOQ/s1600/SOX_Apr22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Something the also hard hid Russell 2000 is a few days away from doing.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-hPHuScvuH5w/UZ1Cs_LCE6I/AAAAAAAAJEg/tFLNzEbW_RE/s1600/RUTX_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-hPHuScvuH5w/UZ1Cs_LCE6I/AAAAAAAAJEg/tFLNzEbW_RE/s1600/RUTX_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Not surprisingly, the more defensive Large Cap S&amp;amp;P took the least damage, but did register a distribution day.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-CsTy0vG6VOw/UZ1DEpSt2VI/AAAAAAAAJEo/P5IloblkVgU/s1600/S&amp;amp;P_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-CsTy0vG6VOw/UZ1DEpSt2VI/AAAAAAAAJEo/P5IloblkVgU/s1600/S&amp;amp;P_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Today was the first confirmed sign of a possible top. &amp;nbsp;The higher volume selling was the obvious clue, but the milder damage to the S&amp;amp;P relative to the Nasdaq and Russell 2000 suggests the appetite for speculative stocks is dropping fast. Without money flow in the latter indices, the prognosis for the rally lasting much longer turns negative. Profit taking likely on any strength in the morning...&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/-epihTuB-MXM/UZ1BdyQWHOI/AAAAAAAAJEI/ADQ5OOXjbMM/s72-c/NASDAQ_May22.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-nasdaq-breaks.html</feedburner:origLink></item><item><title>Daily Market Commentary: Small Gain Accumulation</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/dIju-uQYPi8/daily-market-commentary-small-gain.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Tue, 21 May 2013 15:04:06 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-9203022317009168203</guid><description>The gains were small. &amp;nbsp;The volume greater. &amp;nbsp;The rally ticks along. &amp;nbsp;There is little more to say than that...&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-T5dvgNNiPsw/UZvi_RL3axI/AAAAAAAAJC0/wggc0SszQ1o/s1600/SPX_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-T5dvgNNiPsw/UZvi_RL3axI/AAAAAAAAJC0/wggc0SszQ1o/s1600/SPX_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;The Nasdaq is riding a sharper angled trend, but breaking this wouldn't be the end of the world. &amp;nbsp;And realistically, this will happen sooner rather than later.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-2bUEl3fqYrM/UZvruXNJNrI/AAAAAAAAJDc/0ZCPYGUmEng/s1600/COMPQ_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-2bUEl3fqYrM/UZvruXNJNrI/AAAAAAAAJDc/0ZCPYGUmEng/s1600/COMPQ_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Russell 2000 maintains its run of good form, and its relative advance against the Nasdaq.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-W0IgRP8ycag/UZvtZGU5CpI/AAAAAAAAJDs/l7rmgSt-Tl0/s1600/RUTX_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-W0IgRP8ycag/UZvtZGU5CpI/AAAAAAAAJDs/l7rmgSt-Tl0/s1600/RUTX_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The semiconductor index took a small loss. Again, nothing to be too concerned about, but look to the semiconductor index to lead &amp;nbsp;the Tech indices.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-LgZB0_-1iwQ/UZvuTZVhCcI/AAAAAAAAJD0/jDWbzyCx5Pk/s1600/SOX_May22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-LgZB0_-1iwQ/UZvuTZVhCcI/AAAAAAAAJD0/jDWbzyCx5Pk/s1600/SOX_May22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=dIju-uQYPi8:otGI8URxo7Y:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=dIju-uQYPi8:otGI8URxo7Y:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=dIju-uQYPi8:otGI8URxo7Y:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=dIju-uQYPi8:otGI8URxo7Y:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=dIju-uQYPi8:otGI8URxo7Y:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/-T5dvgNNiPsw/UZvi_RL3axI/AAAAAAAAJC0/wggc0SszQ1o/s72-c/SPX_May22.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-small-gain.html</feedburner:origLink></item><item><title>Daily Market Commentary: Low Volume Losses</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/KWdJUCnsg1I/daily-market-commentary-low-volume.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Mon, 20 May 2013 13:45:37 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-1098530674673660172</guid><description>The mini-rally started in mid-April continued to rule the roost. Today's low volume losses continued with the trend which has supported the rally: namely high volume gains, and low volume losses.&lt;br /&gt;&lt;br /&gt;The S&amp;amp;P sits 12% above its 200-day MA, which is unusually high. Although the S&amp;amp;P has managed to rally to 20% above its 200-day MA; typically this is done after a major low, and not at the latter stages of an advance. Neither action in the indices or supporting technicals suggest this rally is about to end soon.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-pnumT7NgQAk/UZqBaXZ91_I/AAAAAAAAJB0/f6k9FvcIUwU/s1600/SPX_May20.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-pnumT7NgQAk/UZqBaXZ91_I/AAAAAAAAJB0/f6k9FvcIUwU/s1600/SPX_May20.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq is as similarly extended as the S&amp;amp;P from its 200-day MA, at 12%, but is further from natural support than the latter index.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-f9nLJVY6Oyk/UZqCPEM0MOI/AAAAAAAAJCA/9yZ6LH7Ew6Y/s1600/NDX_May30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-f9nLJVY6Oyk/UZqCPEM0MOI/AAAAAAAAJCA/9yZ6LH7Ew6Y/s1600/NDX_May30.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Helping the bullish cause is the Percentage of Nasdaq Stocks above the 50-day MA, which has yet to reach prior overbought territory in the 80th percentile (it currently sits at 70%). &amp;nbsp;Again, another indication this rally may have more room to run higher.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-w_O6ExWVKfo/UZqDYrgrUiI/AAAAAAAAJCM/22IHiykoeaQ/s1600/NAA50_May20.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-w_O6ExWVKfo/UZqDYrgrUiI/AAAAAAAAJCM/22IHiykoeaQ/s1600/NAA50_May20.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;However, the Nasdaq Summation Index has again come back to the area of its last high - and possible resistance.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-Cztdktpsbpo/UZqEiCH50uI/AAAAAAAAJCY/9Rw0X5-m66E/s1600/NASI_May20.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-Cztdktpsbpo/UZqEiCH50uI/AAAAAAAAJCY/9Rw0X5-m66E/s1600/NASI_May20.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Russell 2000 has managed to make relative gains against the Nasdaq. &amp;nbsp;This is better news for the continuity of the rally, at least for Small Caps.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-TLhbvcmLncU/UZqFZmiu78I/AAAAAAAAJCk/gmMQU4dz2-U/s1600/RUTX_May20.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-TLhbvcmLncU/UZqFZmiu78I/AAAAAAAAJCk/gmMQU4dz2-U/s1600/RUTX_May20.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;While the rally has been narrow and steep, there isn't an indication a top is going to develop. &amp;nbsp;For this to happen there will need to be a retest of the high, and at the moment, this high has yet to be confirmed.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=KWdJUCnsg1I:eMQJx2aT7a8:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=KWdJUCnsg1I:eMQJx2aT7a8:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=KWdJUCnsg1I:eMQJx2aT7a8:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=KWdJUCnsg1I:eMQJx2aT7a8:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=KWdJUCnsg1I:eMQJx2aT7a8:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/-pnumT7NgQAk/UZqBaXZ91_I/AAAAAAAAJB0/f6k9FvcIUwU/s72-c/SPX_May20.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-low-volume.html</feedburner:origLink></item><item><title>Stock Picks: $AMBA, $VECO, $CREE, $FTK, $MW, $CCC, $BYI</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/XzSnt7TUMB4/stock-picks-amba-veco-cree-ftk-mw-ccc.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Sat, 18 May 2013 15:30:22 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-8969242406003012047</guid><description>The following stock picks were reviewed in the links provided in the symbol:&lt;br /&gt;&lt;br /&gt;&lt;b&gt;Ambarella&lt;/b&gt;: &lt;a href="http://beta.fool.com/fallond/2013/04/15/an-ipo-on-course-for-a-price-treble/30268/"&gt;AMBA&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-2-UJfR8cdsE/UZf8Ya3YE4I/AAAAAAAAJAw/pZg4zKlmAU4/s1600/AMBA_May17.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-2-UJfR8cdsE/UZf8Ya3YE4I/AAAAAAAAJAw/pZg4zKlmAU4/s1600/AMBA_May17.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;b&gt;Veeco Instruments&lt;/b&gt;: (&lt;a href="http://beta.fool.com/fallond/2013/04/22/brighten-your-portfolio-with-leds/32300/"&gt;VECO&lt;/a&gt;)&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-Ir8EOTeXll0/UZf9Bb3bxpI/AAAAAAAAJA4/zF0gc18QYVA/s1600/VECO_May17.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-Ir8EOTeXll0/UZf9Bb3bxpI/AAAAAAAAJA4/zF0gc18QYVA/s1600/VECO_May17.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;b&gt;Cree&lt;/b&gt;: (&lt;a href="http://beta.fool.com/fallond/2013/04/22/brighten-your-portfolio-with-leds/32300/"&gt;CREE&lt;/a&gt;)&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-1cR7-C2byIM/UZf9itnLQ8I/AAAAAAAAJBA/MeuL3OvsDmM/s1600/CREE.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-1cR7-C2byIM/UZf9itnLQ8I/AAAAAAAAJBA/MeuL3OvsDmM/s1600/CREE.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;b&gt;Flotek Industries&lt;/b&gt; (&lt;a href="http://beta.fool.com/fallond/2013/05/03/3-stocks-hiding-in-the-long-grass/32972/"&gt;FTK&lt;/a&gt;)&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-XXpANDwRSEE/UZf-Efl7WTI/AAAAAAAAJBI/J_iry2jxnSU/s1600/FTK.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-XXpANDwRSEE/UZf-Efl7WTI/AAAAAAAAJBI/J_iry2jxnSU/s1600/FTK.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;b&gt;Men's Wearhouse&lt;/b&gt; (&lt;a href="http://beta.fool.com/fallond/2013/05/03/3-stocks-hiding-in-the-long-grass/32972/"&gt;MW&lt;/a&gt;)&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-UY91J2ReROM/UZf-q-XYkyI/AAAAAAAAJBQ/ah5oEbCCNbQ/s1600/MW.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-UY91J2ReROM/UZf-q-XYkyI/AAAAAAAAJBQ/ah5oEbCCNbQ/s1600/MW.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;b&gt;Calgon Carbon&lt;/b&gt; (&lt;a href="http://beta.fool.com/fallond/2013/05/03/3-stocks-hiding-in-the-long-grass/32972/"&gt;CCC&lt;/a&gt;)&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-x4yYX9G3BPc/UZgAIpXdXTI/AAAAAAAAJBc/8sOGbkHOgLA/s1600/CCC.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-x4yYX9G3BPc/UZgAIpXdXTI/AAAAAAAAJBc/8sOGbkHOgLA/s1600/CCC.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;b&gt;Bally Technologies&lt;/b&gt; (&lt;a href="http://beta.fool.com/fallond/2013/05/17/take-advantage-of-the-upcoming-online-storm/34090/"&gt;BYI&lt;/a&gt;)&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-YHVqSHj3yqY/UZgAsG6ATtI/AAAAAAAAJBk/aQ0PgcAgaEc/s1600/BYI.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-YHVqSHj3yqY/UZgAsG6ATtI/AAAAAAAAJBk/aQ0PgcAgaEc/s1600/BYI.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/-2-UJfR8cdsE/UZf8Ya3YE4I/AAAAAAAAJAw/pZg4zKlmAU4/s72-c/AMBA_May17.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><category domain="http://rss.financialcontent.com/stocksymbol">MW</category><category domain="http://rss.financialcontent.com/stocksymbol">VECO</category><category domain="http://rss.financialcontent.com/stocksymbol">BYI</category><category domain="http://rss.financialcontent.com/stocksymbol">CCC</category><category domain="http://rss.financialcontent.com/stocksymbol">FTK</category><category domain="http://rss.financialcontent.com/stocksymbol">CREE</category><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/stock-picks-amba-veco-cree-ftk-mw-ccc.html</feedburner:origLink></item><item><title>Daily Market Commentary: Distribution</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/LGlnR05aSXY/daily-market-commentary-distribution.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Thu, 16 May 2013 15:36:14 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-8421666666329866653</guid><description>Not surprising given the gains in recent weeks, but sellers made their presence felt on higher volume. The good news was there was no real damage done to the trend, and technicals remain buoyant.&lt;br /&gt;&lt;br /&gt;The S&amp;amp;P kept its nose above the rising channel. An undercut would set this up for a move back to channel support.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-LyYXh_mSAMs/UZVapWE2y7I/AAAAAAAAI_4/GcObjHE1n7w/s1600/SPX_May15b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-LyYXh_mSAMs/UZVapWE2y7I/AAAAAAAAI_4/GcObjHE1n7w/s1600/SPX_May15b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq is well above resistance, and the heavier selling didn't really do much damage at a point level. Not much more to add to this.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-R1NOqzv4sZ8/UZVcZ5xRvkI/AAAAAAAAJAI/wyxvEaOTX_c/s1600/NASDAQ_May15b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-R1NOqzv4sZ8/UZVcZ5xRvkI/AAAAAAAAJAI/wyxvEaOTX_c/s1600/NASDAQ_May15b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The semiconductor index remains inside the rising channel. Today's selling more noise within the larger bullish trend. &amp;nbsp;This remains bullish for the Nasdaq.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-RRAzhRIZuWM/UZVetsiM-5I/AAAAAAAAJAY/gu_jzXCNbXw/s1600/SOX_May15b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-RRAzhRIZuWM/UZVetsiM-5I/AAAAAAAAJAY/gu_jzXCNbXw/s1600/SOX_May15b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Russell 2000 is holding on to its relative advantage against the Nasdaq.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-ci1j50V0NmI/UZVfGLPt2SI/AAAAAAAAJAg/9INYoj22BCU/s1600/RUTX_May15b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-ci1j50V0NmI/UZVfGLPt2SI/AAAAAAAAJAg/9INYoj22BCU/s1600/RUTX_May15b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Bulls to continue the onslaught? It's going to take a number of consecutive selling days to break this trend.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=LGlnR05aSXY:tAefOMJ2w_E:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=LGlnR05aSXY:tAefOMJ2w_E:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=LGlnR05aSXY:tAefOMJ2w_E:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=LGlnR05aSXY:tAefOMJ2w_E:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=LGlnR05aSXY:tAefOMJ2w_E:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-LyYXh_mSAMs/UZVapWE2y7I/AAAAAAAAI_4/GcObjHE1n7w/s72-c/SPX_May15b.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-distribution.html</feedburner:origLink></item><item><title>Daily Market Commentary: Small Caps Advance</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/4perqsbi-PU/daily-market-commentary-small-caps_14.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Tue, 14 May 2013 15:18:01 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-6052960951681214667</guid><description>Small Caps got a key uptick against the Nasdaq after two months of underperformance, although the Russell 2000 continued to lag against the S&amp;amp;P. However, today was important day for re-establishing the importance of Small Caps as a component of the broader rally. No rally can sustain itself for long periods without the participation of the Russell 2000.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-Qkwq9DV5lrw/UZK2WHNKa4I/AAAAAAAAI_Y/RagRX3sFYiA/s1600/RUTX_May14.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-Qkwq9DV5lrw/UZK2WHNKa4I/AAAAAAAAI_Y/RagRX3sFYiA/s1600/RUTX_May14.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The S&amp;amp;P also had a moment in the sun by breaking the boundary of the rising channel. &amp;nbsp;The upside channel break accelerates the rate of the advance, although makes it more vulnerable to a sharp reversal - but the net effect is more bullish than bearish. Technicals are in good shape too.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-kBEvapniSqc/UZK29xf32QI/AAAAAAAAI_g/DoIYWuqBhLI/s1600/SPX_May14.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-kBEvapniSqc/UZK29xf32QI/AAAAAAAAI_g/DoIYWuqBhLI/s1600/SPX_May14.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Nasdaq had its own good day, registering an accumulation day as had the S&amp;amp;P. The sharp shift in relative strength from Large Caps to Technology stocks took a modest retreat, but remains strongly in Technologies favour.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-MhzsF_iC9NE/UZK3gG348BI/AAAAAAAAI_o/JPaUOe1lHJA/s1600/COMPQ_May14.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-MhzsF_iC9NE/UZK3gG348BI/AAAAAAAAI_o/JPaUOe1lHJA/s1600/COMPQ_May14.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Today kept the bullish momentum rolling, with a good opportunity for more to follow.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=4perqsbi-PU:fUWqtUJ2Spg:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=4perqsbi-PU:fUWqtUJ2Spg:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=4perqsbi-PU:fUWqtUJ2Spg:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=4perqsbi-PU:fUWqtUJ2Spg:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=4perqsbi-PU:fUWqtUJ2Spg:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-Qkwq9DV5lrw/UZK2WHNKa4I/AAAAAAAAI_Y/RagRX3sFYiA/s72-c/RUTX_May14.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-small-caps_14.html</feedburner:origLink></item><item><title>Daily Market Commentary: Modest Uptick</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/TIaLjvzNzEI/daily-market-commentary-modest-uptick.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Mon, 13 May 2013 15:25:37 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-6641866460426432997</guid><description>No great movement or volume, but at least the push was higher. &amp;nbsp;The S&amp;amp;P continued to track along upper channel resistance. &amp;nbsp;Technicals still in good shape despite overbought stochastics.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-sHQrx6GD18c/UZFmQvQFsPI/AAAAAAAAI-4/Al9yC-TzM0M/s1600/SPX_May13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-sHQrx6GD18c/UZFmQvQFsPI/AAAAAAAAI-4/Al9yC-TzM0M/s1600/SPX_May13.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq extended its channel breakout, playing the lead role (note sharp advance in relative strength against the S&amp;amp;P). &amp;nbsp;Its breakout should provide the S&amp;amp;P with the impetus to break upper channel resistance.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-E5T3FwmRaEg/UZFnBMqGCII/AAAAAAAAI_A/VgzfnjY-5rg/s1600/SPX_Mar13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-E5T3FwmRaEg/UZFnBMqGCII/AAAAAAAAI_A/VgzfnjY-5rg/s1600/SPX_Mar13.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Russell 2000 took a small loss, which continued the index's performance lag against the Nasdaq.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-BnFDWxh0xw0/UZFnfzUnM_I/AAAAAAAAI_I/13aw0JAdosc/s1600/RUTX_Mar13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-BnFDWxh0xw0/UZFnfzUnM_I/AAAAAAAAI_I/13aw0JAdosc/s1600/RUTX_Mar13.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Nothing in today's action to suggest bulls are losing control of the market. Small Caps are the weakest index, so if trouble is brewing it will likely express itself here first.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=TIaLjvzNzEI:dOzxyZ3rIbs:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=TIaLjvzNzEI:dOzxyZ3rIbs:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=TIaLjvzNzEI:dOzxyZ3rIbs:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=TIaLjvzNzEI:dOzxyZ3rIbs:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=TIaLjvzNzEI:dOzxyZ3rIbs:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-sHQrx6GD18c/UZFmQvQFsPI/AAAAAAAAI-4/Al9yC-TzM0M/s72-c/SPX_May13.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-modest-uptick.html</feedburner:origLink></item><item><title>Weekly Market Commentary: Double Top in New Highs? Probably Not</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/ySc9r6iCRSM/weekly-market-commentary-double-top-in.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Sun, 12 May 2013 14:57:46 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-2156012496540609453</guid><description>Unusual behavior in New Highs / New Lows. &amp;nbsp;After what looked to have been a fairly reliable peak in the number of (smoothed) NYSE components at new 52-week highs, now looks set to make an even higher high. Given the last peak was a 10-year high, it's odd to see this challenged so soon. However, it does point to the overall strength of the rally to have so many components making new high - a total contrast to the action in the 2007 top. &amp;nbsp;The current situation has far more in common with peaks in 2004 and 2010, which marked consolidation points of larger rallies&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-W7dhRT_Pb_I/UZAPw78izuI/AAAAAAAAI-o/G54x5TQZyUo/s1600/NYSE_May10.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-W7dhRT_Pb_I/UZAPw78izuI/AAAAAAAAI-o/G54x5TQZyUo/s1600/NYSE_May10.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;Market Breadth hasn't reached overbought conditions, supporting the idea for further gains. &amp;nbsp;The Percentage of Nasdaq Stocks above 50-day MA hasn't broken the 70% barrier. &amp;nbsp;And technicals are not overbought.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-k7iuUijSncA/UZANMB3NeRI/AAAAAAAAI-M/E8vPfGVIvsM/s1600/NAA50_May10.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-k7iuUijSncA/UZANMB3NeRI/AAAAAAAAI-M/E8vPfGVIvsM/s1600/NAA50_May10.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Nasdaq Bullish Percents successfully back tested support, with plenty of room for upside.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-J83YZ_7nZVE/UZAN23VwSoI/AAAAAAAAI-U/sX5J5kec7tc/s1600/BPCOMPQ_May10.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-J83YZ_7nZVE/UZAN23VwSoI/AAAAAAAAI-U/sX5J5kec7tc/s1600/BPCOMPQ_May10.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;All indices are rallying within themselves, so there is no obvious signs for a top.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-AY3ghS2RlfI/UZAPRCT7ceI/AAAAAAAAI-g/AEoA5opcxZM/s1600/RUTX_May10b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-AY3ghS2RlfI/UZAPRCT7ceI/AAAAAAAAI-g/AEoA5opcxZM/s1600/RUTX_May10b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Another week - another opportunity to build on past strength?&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-W7dhRT_Pb_I/UZAPw78izuI/AAAAAAAAI-o/G54x5TQZyUo/s72-c/NYSE_May10.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/weekly-market-commentary-double-top-in.html</feedburner:origLink></item><item><title>Daily Market Commentary: Channel Resistance</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/tA4jEB8Ptfw/daily-market-commentary-channel.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Thu, 09 May 2013 15:18:35 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-6212181229518000811</guid><description>Modest losses were not unexpected given the sequence of gains. The S&amp;amp;P made a pitch perfect rebuttal off channel resistance. &amp;nbsp;Bulls may try and repeat the action of January and February, when the index bounced along the upper resistance line.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-7saSbZoGSm8/UYwadPSIVfI/AAAAAAAAI7c/vF0bG27qE9Q/s1600/SPX_May9b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-7saSbZoGSm8/UYwadPSIVfI/AAAAAAAAI7c/vF0bG27qE9Q/s1600/SPX_May9b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq pinned a doji on higher volume. &amp;nbsp;However, the index remains above a former ascending resistance line (turned support). Increased volume has more in common with churning, than direct distribution, but bulls are likely to see a retracement and test of the new support line, if not the 20-day MA. &amp;nbsp;The mid-April rally hasn't had opportunity to pause and consolidate, so now may be the time.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-CEccLstA0kQ/UYwchz0daTI/AAAAAAAAI7o/v7wbamX_d9s/s1600/NASD_May9.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-CEccLstA0kQ/UYwchz0daTI/AAAAAAAAI7o/v7wbamX_d9s/s1600/NASD_May9.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;This will also be an opportunity to test the resolve of the breakout in the Russell 2000. &amp;nbsp;The relative loss against the Nasdaq suggests selling will hit Small Caps harder than other indices. This will likely make it the first index to test breakout support (of 954).&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-sO_ZDbQ1GgY/UYwepv25rPI/AAAAAAAAI74/nrdDnvTvDdQ/s1600/RUTX_May9.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-sO_ZDbQ1GgY/UYwepv25rPI/AAAAAAAAI74/nrdDnvTvDdQ/s1600/RUTX_May9.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Technicals aren't pointing to any particular weakness, and only the S&amp;amp;P at resistance is suggesting tomorrow will see sellers make a run at things. So look to the S&amp;amp;P for leads (it could follow the Nasdaq and break resistance).&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/-7saSbZoGSm8/UYwadPSIVfI/AAAAAAAAI7c/vF0bG27qE9Q/s72-c/SPX_May9b.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-channel.html</feedburner:origLink></item><item><title>Daily Market Commentary: Small Caps Gain</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/YVyO0QIPsd0/daily-market-commentary-small-caps-gain.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Tue, 07 May 2013 14:46:46 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-2320193003203976833</guid><description>After pushing a breakout yesterday, today saw the Russell 2000 build on this momentum. &amp;nbsp;The advance helped push its relative advance against the Nasdaq, but it will take a number of days before the broader trend in relative strength changes.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-HJBDL44bvF0/UYlx9aCcnKI/AAAAAAAAI68/-x8lR9kew7Q/s1600/RUTX_May7.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-HJBDL44bvF0/UYlx9aCcnKI/AAAAAAAAI68/-x8lR9kew7Q/s1600/RUTX_May7.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The S&amp;amp;P kept things ticking over without undue stress. Volume climbed to register an accumulation day; this is the sixth accumulation day since the last distribution day.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-j_GWZQRmddk/UYly6tWAvBI/AAAAAAAAI7E/FWCgweJKkgc/s1600/SPX_May7.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-j_GWZQRmddk/UYly6tWAvBI/AAAAAAAAI7E/FWCgweJKkgc/s1600/SPX_May7.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Nasdaq also enjoyed an accumulation day. The move past resistance is a little precarious and the first sign of selling will likely leave a 'bull trap', but it can be used as a high end trailing stop to lock in profits.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-jOSgLESKvMk/UYl0BGSIVkI/AAAAAAAAI7M/4y9thzg9Jfs/s1600/COMPQ_May7.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-jOSgLESKvMk/UYl0BGSIVkI/AAAAAAAAI7M/4y9thzg9Jfs/s1600/COMPQ_May7.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Based on my &lt;a href="http://beta.fool.com/fallond/2011/12/24/my-investing-strategy-declan-fallon/296/"&gt;investing strategy&lt;/a&gt;, the market reached an overbought state and is trading at a level better suited to profit taking, or income generation through covered calls, than buying. &amp;nbsp;This is also a good time to unload underperforming stocks, because when markets start selling off, these stocks will be hit hardest.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/-HJBDL44bvF0/UYlx9aCcnKI/AAAAAAAAI68/-x8lR9kew7Q/s72-c/RUTX_May7.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-small-caps-gain.html</feedburner:origLink></item><item><title>Daily Market Commentary: Small Caps Breakout</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/kFxvSmKTjcs/daily-market-commentary-small-caps.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Mon, 06 May 2013 15:10:27 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-1413096914237227339</guid><description>Bulls kept things moving, although in my&amp;nbsp;&lt;a href="http://stocktwits.com/fallondpicks"&gt;sectorbreadth&lt;/a&gt;&amp;nbsp;analysis, the once strong Utility sector took a big hit to fall to (joint) last spot. &amp;nbsp;The Russell 2000 finally posted its breakout. This didn't really change the relative underperformance of the index to the Nasdaq, but there was a gain against the S&amp;amp;P. &amp;nbsp;However, it did manage to reverse the brief 'Death Cross'.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-SW2BuI5-4uk/UYgg_431ovI/AAAAAAAAI50/uGZzSt9BrMQ/s1600/RUTX_May6.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-SW2BuI5-4uk/UYgg_431ovI/AAAAAAAAI50/uGZzSt9BrMQ/s1600/RUTX_May6.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;Friday's gap gain in the Nasdaq was maintained, although there was a big drop in volume with today's buying. Exhaustion gaps are the risk at this juncture, especially with breadth metrics like Nasdaq Bullish Percents near overbought conditions. &lt;br /&gt;&lt;br /&gt;&lt;a href="http://2.bp.blogspot.com/-vF_8m2LibZ8/UYgjLRyQLII/AAAAAAAAI6A/t4vRNf_9EHk/s1600/COMPQ_May6.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-vF_8m2LibZ8/UYgjLRyQLII/AAAAAAAAI6A/t4vRNf_9EHk/s1600/COMPQ_May6.png" /&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: left;"&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: left;"&gt;&lt;a href="http://4.bp.blogspot.com/-V7VNJh5lU3g/UYgoh1YWc1I/AAAAAAAAI6s/VWiPFyaYlQY/s1600/BPCOMPQ_May6.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-V7VNJh5lU3g/UYgoh1YWc1I/AAAAAAAAI6s/VWiPFyaYlQY/s1600/BPCOMPQ_May6.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The S&amp;amp;P remains firm inside its rising channel. Although the breakout is a more advanced line in the sand to judge whether bulls or bears control it - bulls have it at the moment.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-4sM3jg2RfjU/UYgoaSok6AI/AAAAAAAAI6k/c0ET6V51d-Y/s1600/SPX_May6b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-4sM3jg2RfjU/UYgoaSok6AI/AAAAAAAAI6k/c0ET6V51d-Y/s1600/SPX_May6b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: left;"&gt;The semiconductor index continues its support of the Nasdaq and Nasdaq 100, helped by its outperformance against the Nasdaq 100. The 'Golden Cross' knocked out the earlier 'Death Cross'. All of which keeps the Tech indices rolling.&amp;nbsp;&lt;/div&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-LNhhwdgW-V0/UYgnDwxsggI/AAAAAAAAI6Y/kl9Xb4-hrmw/s1600/SOX_May6.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-LNhhwdgW-V0/UYgnDwxsggI/AAAAAAAAI6Y/kl9Xb4-hrmw/s1600/SOX_May6.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;For Tuesday, watch for a 'bear trap' in the Russell 2000, and confirmation of exhaustion gaps in the Nasdaq, Nasdaq 100 and Semiconductor index.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/-SW2BuI5-4uk/UYgg_431ovI/AAAAAAAAI50/uGZzSt9BrMQ/s72-c/RUTX_May6.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-small-caps.html</feedburner:origLink></item><item><title>Weekly Market Commentary: Rally Expands</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/CpBTbZb9zSk/weekly-market-commentary-rally-expands.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Sun, 05 May 2013 14:35:48 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-1789808409921234280</guid><description>Market Breadth&amp;nbsp;accelerated&amp;nbsp;higher, firming up the swing low and supporting the current leg of the rally. The swing low emerged from relative strength - not from an oversold state - as is typical at major lows. So while the Percentage of Nasdaq Stocks above the 50-day MA has room to run before it becomes overbought, the Nasdaq Bullish Percents and Nasdaq Summation Index will be soon be in overbought territory once more.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-9MSPZm0ls28/UYbKHnovUcI/AAAAAAAAI5A/llbuBINnWyM/s1600/ALL_May3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-9MSPZm0ls28/UYbKHnovUcI/AAAAAAAAI5A/llbuBINnWyM/s1600/ALL_May3.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The number of New Highs - New Lows continues to map a top, although for the parent index this is more likely to be associated with a sideways market, rather than a hard sell off as occurred in 2008.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-m2MJ4sarn_o/UYbLJZUW1dI/AAAAAAAAI5M/wvO_GpfJMW8/s1600/Weekly)May3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-m2MJ4sarn_o/UYbLJZUW1dI/AAAAAAAAI5M/wvO_GpfJMW8/s1600/Weekly)May3.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The daily chart for the Russell 2000 displays vulnerabilities, although the weekly chart remains bullish, with a few opportunities for buyers to step in on future price declines.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-GH3yZ0obEmE/UYbMqh61-YI/AAAAAAAAI5Y/gGGn_JB9jeA/s1600/RUTX_May3c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-GH3yZ0obEmE/UYbMqh61-YI/AAAAAAAAI5Y/gGGn_JB9jeA/s1600/RUTX_May3c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Although the Nasdaq offers the better opportunity on the daily time interval, with the weekly chart offering good support for a rally too.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-Vee-lgatPyw/UYbNmfL296I/AAAAAAAAI5k/fxi2zks4L7c/s1600/NASD_May3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-Vee-lgatPyw/UYbNmfL296I/AAAAAAAAI5k/fxi2zks4L7c/s1600/NASD_May3.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Until there is a significant break of support, or all market breadth indicators become overbought, the rally should continue for a little while longer. &amp;nbsp;However, for those tracking my &lt;a href="http://beta.fool.com/fallond/2011/12/24/my-investing-strategy-declan-fallon/296/"&gt;investment strategy&lt;/a&gt;, Friday qualified as a day to take profit / sell covered call day: the S&amp;amp;P has extended itself by more than 10% from its 200-day MA. &amp;nbsp;The last time this signal was given was March-April of last year; two months later the S&amp;amp;P was down nearly 9%.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/-9MSPZm0ls28/UYbKHnovUcI/AAAAAAAAI5A/llbuBINnWyM/s72-c/ALL_May3.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/weekly-market-commentary-rally-expands.html</feedburner:origLink></item><item><title>Daily Market Commentary: Technology Indices Advance</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/OpxiiFVHRao/daily-market-commentary-technology.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Thu, 02 May 2013 15:21:10 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-8768824586261597315</guid><description>Yesterday's selling had put pressure on Technology indices, and today they responded. &amp;nbsp;Buyers stepped in to take the Nasdaq and Nasdaq 100 away from breakout support, postponing the possibility for a 'bull trap'.&lt;br /&gt;&lt;div&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-j1-e2xtvnlo/UYLh9X2m7vI/AAAAAAAAI38/34pOULWoRBw/s1600/COMPQ_May2b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-j1-e2xtvnlo/UYLh9X2m7vI/AAAAAAAAI38/34pOULWoRBw/s1600/COMPQ_May2b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;div style="text-align: left;"&gt;The Nasdaq 100 better shows the strength of today's buying. It has struggled to build momentum as relative strength against the Russell 2000 illustrates. However, since the start of April it has steadily got into its groove.&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/--pdKV41KnfI/UYLi1kmmJOI/AAAAAAAAI4I/qFB00fKl7AQ/s1600/NDX_May2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/--pdKV41KnfI/UYLi1kmmJOI/AAAAAAAAI4I/qFB00fKl7AQ/s1600/NDX_May2.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;The breakout in the Semiconductor Index is looking more viable after limping above resistance. &amp;nbsp;This will help the Nasdaq and Nasdaq 100 in the days ahead. The 'Death Cross' looks to be negated too.&amp;nbsp;&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-hfqchLAHmQc/UYLjXs90q_I/AAAAAAAAI4U/GBZfoemkkYI/s1600/SOX_May2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-hfqchLAHmQc/UYLjXs90q_I/AAAAAAAAI4U/GBZfoemkkYI/s1600/SOX_May2.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;However, Nasdaq Breadth will have to be watched closely. &amp;nbsp;The Percentage of Nasdaq Stocks Above the 50-day MA hasn't cleared declining resistance. &amp;nbsp;This has to happen if the rally is going to last longer than a relief rally. This key break could happen as early as Friday or Monday.&amp;nbsp;&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-d0X7aivbC8A/UYLkuQoOsJI/AAAAAAAAI4g/nw0RJfUCeNY/s1600/NAA50_May2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-d0X7aivbC8A/UYLkuQoOsJI/AAAAAAAAI4g/nw0RJfUCeNY/s1600/NAA50_May2.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;The Bullish Percents are an interesting mix of overbought (the actual value of the Nasdaq Bullish Percents), and rally-from-oversold (technicals). &amp;nbsp;This ultimately could become very bullish, with improving technicals helping to drive the index to new swing highs above 67%.&amp;nbsp;&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-Ym18EYgw2fg/UYLl81-A5FI/AAAAAAAAI4w/ooDlOaqmmJc/s1600/BPCOMPQ_May2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-Ym18EYgw2fg/UYLl81-A5FI/AAAAAAAAI4w/ooDlOaqmmJc/s1600/BPCOMPQ_May2.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;Small Caps made back some of their losses from yesterday. &amp;nbsp;However, bulls should focus on what Technology indices (and ETFs &amp;amp; stocks) are doing, it looks their time has come....&lt;/div&gt;&lt;div style="text-align: left;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: left;"&gt;----&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&lt;/div&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-j1-e2xtvnlo/UYLh9X2m7vI/AAAAAAAAI38/34pOULWoRBw/s72-c/COMPQ_May2b.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-technology.html</feedburner:origLink></item><item><title>Daily Market Commentary: Extensive Selling of Small Cap Stocks</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/428s7mZmmlY/daily-market-commentary-extensive.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Thu, 02 May 2013 02:32:10 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-2269409797513976114</guid><description>A worrying sell off in Small Cap stocks overshadowed the selling in other indices. &amp;nbsp;The Russell 2000 experienced over a 2% sell off, cutting below 20-day and 50-day MAs in the process. However, the February and April swing lows likely mark the boundary of a trading range. &amp;nbsp;This lessens the significance of today's selling, although you still don't want to see it! The selling did result in a bear trigger in the ADX and increased the relative loss against other indices; this has been particularly ugly against the Nasdaq. &lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-vqLdUMo8wrE/UYGQsLLkc8I/AAAAAAAAI3U/s9XRvy_BvrY/s1600/RUT_May1b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-vqLdUMo8wrE/UYGQsLLkc8I/AAAAAAAAI3U/s9XRvy_BvrY/s1600/RUT_May1b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Despite a trading range in the Russell 2000, the big relative swing against Small Caps is undermining the April rally. Without participation of Small Caps, the broader rally will struggle for long term traction. &amp;nbsp;What would add to the misery is if the breakouts in the Tech averages would fail (and they are close to it).&lt;br /&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-wvI_rlBkIyo/UYGRp-Q30wI/AAAAAAAAI3g/tztXxQSD9YU/s1600/NASD_May1b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-wvI_rlBkIyo/UYGRp-Q30wI/AAAAAAAAI3g/tztXxQSD9YU/s1600/NASD_May1b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The S&amp;amp;P was the big winner despite its loss. Look for the flight to safety to continue, although eventually there will be nowhere to hide.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-oCRT3trlaEU/UYGSJ-c0WbI/AAAAAAAAI3o/c7aYAr2idrs/s1600/SPX_May1b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-oCRT3trlaEU/UYGSJ-c0WbI/AAAAAAAAI3o/c7aYAr2idrs/s1600/SPX_May1b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/-vqLdUMo8wrE/UYGQsLLkc8I/AAAAAAAAI3U/s9XRvy_BvrY/s72-c/RUT_May1b.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/05/daily-market-commentary-extensive.html</feedburner:origLink></item><item><title>Daily Market Commentary: Significant Accumulation</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/GMTGuvyLdQM/daily-market-commentary-significant.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Tue, 30 Apr 2013 14:50:16 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-2302405972907178167</guid><description>Technology spent another day in the headlines. &amp;nbsp;Yesterday there was a breakout in the Nasdaq, now today there was heavier volume buying to back it up. The semiconductor index is the 'news' index to follow. &amp;nbsp;It's breakout will largely determine how long the rallies in the Nasdaq and Nasdaq 100. Technicals are net bullish, another tick in the bullish column for these indices. Even the 'Death Cross' might not last too long.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-OcQnwda8mZ0/UYA6gSfXv2I/AAAAAAAAI2o/8EQ_mr-nXEo/s1600/SOX_APr30b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-OcQnwda8mZ0/UYA6gSfXv2I/AAAAAAAAI2o/8EQ_mr-nXEo/s1600/SOX_APr30b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq 100 and Nasdaq pushed away from support, building on its breakout. Technicals are also net bullish across both indices.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-6g7vy8ar_tg/UYA7Pm_qTVI/AAAAAAAAI2w/HQ1uPzxtIgQ/s1600/NDX_Apr30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-6g7vy8ar_tg/UYA7Pm_qTVI/AAAAAAAAI2w/HQ1uPzxtIgQ/s1600/NDX_Apr30.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-VCuNp9zw3mw/UYA7a8XZcHI/AAAAAAAAI24/3TcOEnbB3Tk/s1600/COMPQ_Apr30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-VCuNp9zw3mw/UYA7a8XZcHI/AAAAAAAAI24/3TcOEnbB3Tk/s1600/COMPQ_Apr30.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;However, the S&amp;amp;P and Russell 2000 haven't yet followed the lead of the Tech indices, although the S&amp;amp;P may have hinted at a breakout.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-JiBKx393Y3E/UYA8WjqC1II/AAAAAAAAI3E/XL-HMah1dF4/s1600/SPX_Apr30b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-JiBKx393Y3E/UYA8WjqC1II/AAAAAAAAI3E/XL-HMah1dF4/s1600/SPX_Apr30b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;It looks like there is still more to come for this rally. Will the S&amp;amp;P make its break Wednesday?&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;  &lt;br /&gt;&lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/-OcQnwda8mZ0/UYA6gSfXv2I/AAAAAAAAI2o/8EQ_mr-nXEo/s72-c/SOX_APr30b.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-significant.html</feedburner:origLink></item><item><title>Daily Market Commentary: Tech Breakout</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/1sd83Zaoa80/daily-market-commentary-tech-breakout.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Mon, 29 Apr 2013 15:22:30 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-7673713821958437230</guid><description>While volume was anemic, Tech indices managed to push a breakout. &amp;nbsp;Technicals returned net bullish while the Nasdaq moved to outperform against the S&amp;amp;P. A 'bull trap' will be created on a close below 3,300.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-WJF7CvUIMHY/UX7uQ9wMgEI/AAAAAAAAI1w/ihTIL1syT7Y/s1600/NASD_Apr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-WJF7CvUIMHY/UX7uQ9wMgEI/AAAAAAAAI1w/ihTIL1syT7Y/s1600/NASD_Apr29.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq 100 similarly inched a breakout, although the overall rate of advance is slower than for the Nasdaq.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-O06Q2qd_RxY/UX7uv9Dr_JI/AAAAAAAAI14/7JG9fnIjfiY/s1600/NDX_APr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-O06Q2qd_RxY/UX7uv9Dr_JI/AAAAAAAAI14/7JG9fnIjfiY/s1600/NDX_APr29.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The semiconductor index almost managed to lead the indices out. &amp;nbsp;Typically, this sector does the leading, but for the breakouts in the Nasdaq and Nasdaq 100 to hold, then the semiconductor index has to move higher soon...&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-i-N-8FjSnzg/UX7vfG_V8wI/AAAAAAAAI2E/DfLV7I7UiY4/s1600/SOX_Apr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-i-N-8FjSnzg/UX7vfG_V8wI/AAAAAAAAI2E/DfLV7I7UiY4/s1600/SOX_Apr29.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;However, the Russell 2000 still has work to do, although technicals are net bullish. The first stop line is the low from Friday, then the 20-day MA, and finally the swing low at 898. But a push higher, if it's going to come, should emerge in the next day or two.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-bM_1UpXLRQ8/UX7wSu-ICEI/AAAAAAAAI2M/nYsZLKx_6H4/s1600/RUTX_Apr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-bM_1UpXLRQ8/UX7wSu-ICEI/AAAAAAAAI2M/nYsZLKx_6H4/s1600/RUTX_Apr29.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Today's action leaves things nicely primed for bulls to follow through. Tech averages have set the tone, it's now up to the S&amp;amp;P and Russell 2000 to follow suit.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=1sd83Zaoa80:lkw40SnIV4M:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=1sd83Zaoa80:lkw40SnIV4M:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=1sd83Zaoa80:lkw40SnIV4M:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=1sd83Zaoa80:lkw40SnIV4M:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=1sd83Zaoa80:lkw40SnIV4M:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/-WJF7CvUIMHY/UX7uQ9wMgEI/AAAAAAAAI1w/ihTIL1syT7Y/s72-c/NASD_Apr29.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-tech-breakout.html</feedburner:origLink></item><item><title>Weekly Market Commentary: Breadth Swing Low</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/C_B6Pby7JFA/weekly-market-commentary-breadth-swing.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Sun, 28 Apr 2013 14:36:52 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-2165269232444873404</guid><description>While it's questionable the extent the breadth swing low will support for a rally in the parent Nasdaq (given none of the breadth indicators are oversold), it does suggest the current rally is something more than just a relief rally.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-fUjHSHJGI3I/UX2P00zMXzI/AAAAAAAAI0w/Do000Ldnlrg/s1600/NAAS50_APr28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-fUjHSHJGI3I/UX2P00zMXzI/AAAAAAAAI0w/Do000Ldnlrg/s1600/NAAS50_APr28.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The problem with the swing low is that a return to overbought conditions will occur within a few weeks, and won't support a lengthy rally typical of major breadth swing lows.&lt;br /&gt;&lt;br /&gt;The New Highs / Lows metric points to a scrappy period, with a swing high in place, but a period of sideways action favoured to follow. &amp;nbsp;However, this will only be a prelude to larger correction to follow, although it offers an opportunity to get out before the worst of the selling hits.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-qP4nBjdAkBA/UX2RqCpsaKI/AAAAAAAAI1A/7xLTf53yMXE/s1600/BR_Apr28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" height="570" src="http://4.bp.blogspot.com/-qP4nBjdAkBA/UX2RqCpsaKI/AAAAAAAAI1A/7xLTf53yMXE/s640/BR_Apr28.png" width="640" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Nasdaq is hanging on to its weekly breakout. As long as it hold above 3,200 the rally will be maintained., with rising trend support around 3,000 the last chance saloon for bulls trading this trend.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-7YMxadVWbdQ/UX2ThRl4cgI/AAAAAAAAI1Q/ak4RSjAcTOw/s1600/NASD_Apr28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-7YMxadVWbdQ/UX2ThRl4cgI/AAAAAAAAI1Q/ak4RSjAcTOw/s1600/NASD_Apr28.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Russell 2000 is carrying the breakout and is doing its best to hold above 900. &amp;nbsp;Even if it has got scrappy on the daily timeframe, the weekly is relatively stable.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-2SHVzsltV4E/UX2VtGfvsuI/AAAAAAAAI1g/VVYSQSNGjQU/s1600/RUTX_Apr28b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-2SHVzsltV4E/UX2VtGfvsuI/AAAAAAAAI1g/VVYSQSNGjQU/s1600/RUTX_Apr28b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The summation is the rally has room to run, but it will take a big week of selling to break the weekly bullish picture.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/-fUjHSHJGI3I/UX2P00zMXzI/AAAAAAAAI0w/Do000Ldnlrg/s72-c/NAAS50_APr28.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/weekly-market-commentary-breadth-swing.html</feedburner:origLink></item><item><title>Daily Market Commentary: Impasse</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/e3gXlCDX9D4/daily-market-commentary-impasse.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Wed, 24 Apr 2013 15:17:37 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-404447717567277241</guid><description>Some small gains, but nothing to suggest a follow through to the past three days of buying. Volume climbed to register an accumulation day, but it barely registered as one. The only real point of note was the finish above resistance and converged 20-day and 50-day MAs in the Russell 2000.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-_wqdyPxbBtw/UXhU7fX4tbI/AAAAAAAAI0A/91v82q4yRDs/s1600/RUTX_Apr24.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-_wqdyPxbBtw/UXhU7fX4tbI/AAAAAAAAI0A/91v82q4yRDs/s1600/RUTX_Apr24.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq is working towards a relative gain against the S&amp;amp;P, after a&amp;nbsp;continuous&amp;nbsp;decline for all of 2013. &amp;nbsp;Not sure if it will be enough to feed a rally, but it will help.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-h_w2Sn4h1aQ/UXhXJW2ONpI/AAAAAAAAI0Q/0j7B_JIrwbU/s1600/COMPQ_Apr24.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-h_w2Sn4h1aQ/UXhXJW2ONpI/AAAAAAAAI0Q/0j7B_JIrwbU/s1600/COMPQ_Apr24.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Nasdaq 100 is on the right side of pressuring the 'bull trap', although it's not yet negated.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-P22EV-DK9-8/UXhXp89-GNI/AAAAAAAAI0Y/tYcge8m4ZsM/s1600/NDX_Apr24.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-P22EV-DK9-8/UXhXp89-GNI/AAAAAAAAI0Y/tYcge8m4ZsM/s1600/NDX_Apr24.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The semiconductor index was able to finish the day net bullish. This too will help the Nasdaq 100 and Nasdaq push higher.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-dcpOv4XoKd4/UXhYdaWqjbI/AAAAAAAAI0g/jirlodjjIdk/s1600/SOX_Apr24.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-dcpOv4XoKd4/UXhYdaWqjbI/AAAAAAAAI0g/jirlodjjIdk/s1600/SOX_Apr24.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Bulls have work to do, but today keeps the four day rally going. However, the 'bull traps' in the indices will need to be taken out soon if a larger rally is to evolve.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=e3gXlCDX9D4:lHT2h3gGLjc:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=e3gXlCDX9D4:lHT2h3gGLjc:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=e3gXlCDX9D4:lHT2h3gGLjc:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=e3gXlCDX9D4:lHT2h3gGLjc:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=e3gXlCDX9D4:lHT2h3gGLjc:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/-_wqdyPxbBtw/UXhU7fX4tbI/AAAAAAAAI0A/91v82q4yRDs/s72-c/RUTX_Apr24.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-impasse.html</feedburner:origLink></item><item><title>Daily Market Commentary: Tech Resistance Failed</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/uC3tGOZPKpI/daily-market-commentary-tech-resistance.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Tue, 23 Apr 2013 15:46:59 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-5201189116961596753</guid><description>Yesterday's buying managed to bring Tech indices to former rising channel support, pushing them beyond resistance with relative ease. &amp;nbsp;This was supported by higher volume accumulation. So despite the weak Tech breadth, buying was able to continue.&lt;br /&gt;&lt;br /&gt;The Nasdaq 100 illustrated this best with the move to challenge the 'bull trap'.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-QWV-bncC8ww/UXcMZNnHuMI/AAAAAAAAIzQ/O7vvJK1pHpU/s1600/NASD_Apr23.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-QWV-bncC8ww/UXcMZNnHuMI/AAAAAAAAIzQ/O7vvJK1pHpU/s1600/NASD_Apr23.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;Now it's the turn of the Russell 2000 to challenge support-turned-resistance. &amp;nbsp;It's also sitting at a new 'Death Cross' between 20-day and 50-day MAs.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-Q5Jx6D3EXoo/UXcNosPyhII/AAAAAAAAIzc/ubPcrv6WFXU/s1600/RUTX_Apr23.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-Q5Jx6D3EXoo/UXcNosPyhII/AAAAAAAAIzc/ubPcrv6WFXU/s1600/RUTX_Apr23.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Percentage of Nasdaq Stocks Above 50-day MA is in the process of confirming a swing low, although other Tech breadth indices are someway from doing the same.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-CAMMCqe02kI/UXcOL9XBKmI/AAAAAAAAIzk/rTat9dSxsY8/s1600/NAA50_Apr23.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-CAMMCqe02kI/UXcOL9XBKmI/AAAAAAAAIzk/rTat9dSxsY8/s1600/NAA50_Apr23.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;However, with the breadth improvement, there may be enough to support a short term rally, or at least a challenge on the last swing high of 3,306 in the Nasdaq.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-vtndvmodB8g/UXcOezTLoEI/AAAAAAAAIzw/fQm4QsnugFQ/s1600/NASDAQ_Apr23b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-vtndvmodB8g/UXcOezTLoEI/AAAAAAAAIzw/fQm4QsnugFQ/s1600/NASDAQ_Apr23b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Today's buying suggests the rally isn't quite over yet. However, it is getting mature, and a 10-15% correction (from last swing high) - if it hasn't started already - isn't far off.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=uC3tGOZPKpI:VMUq9gJjrRw:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=uC3tGOZPKpI:VMUq9gJjrRw:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=uC3tGOZPKpI:VMUq9gJjrRw:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=uC3tGOZPKpI:VMUq9gJjrRw:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=uC3tGOZPKpI:VMUq9gJjrRw:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-QWV-bncC8ww/UXcMZNnHuMI/AAAAAAAAIzQ/O7vvJK1pHpU/s72-c/NASD_Apr23.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-tech-resistance.html</feedburner:origLink></item><item><title>Daily Market Commentary: Nasdaq 100 Net Bearish</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/918sHVwpk0U/daily-market-commentary-nasdaq-100-net.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Mon, 22 Apr 2013 14:56:05 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-6336509123710005866</guid><description>Bulls came to the rescue at support, but there was a general lack of conviction on the part of buyers to build something meaningful. The Nasdaq 100 turned net bearish technically, but the attempt at support has already pulled one indicator back. However, look for it to struggle at 2,825.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-G1b7XCdZnVY/UXWsMY-CErI/AAAAAAAAIyw/jjm4_T0Fto0/s1600/NDX_Apr22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-G1b7XCdZnVY/UXWsMY-CErI/AAAAAAAAIyw/jjm4_T0Fto0/s1600/NDX_Apr22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The semiconductor index clung on to the April swing low, but it's below the rising channel line and is also net bearish. This weakness is what's spreading to the tech indices. If this takes another roll downwards it will take Tech indices with it.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://1.bp.blogspot.com/-LrHmZj2U-1E/UXWuDJQ4ZEI/AAAAAAAAIy4/XW3USGjzbBM/s1600/SOX_Apr22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://1.bp.blogspot.com/-LrHmZj2U-1E/UXWuDJQ4ZEI/AAAAAAAAIy4/XW3USGjzbBM/s1600/SOX_Apr22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Nasdaq breadth remains poor, and weakening. &amp;nbsp;As Breadth is not oversold, further declines are likely for &amp;nbsp;Nasdaq Breadth, Nasdaq, and Nasdaq 100.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-BwPUpjsb9ug/UXWvNf75xjI/AAAAAAAAIzA/L_xuYu3vihM/s1600/COMPQ_Apr22.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-BwPUpjsb9ug/UXWvNf75xjI/AAAAAAAAIzA/L_xuYu3vihM/s1600/COMPQ_Apr22.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;So it looks like this rally over the past two days may be nothing more than a relief rally. The Nasdaq 100 will be running into resistance tomorrow. How well will it perform?&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=918sHVwpk0U:LvE6IivhAxE:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=918sHVwpk0U:LvE6IivhAxE:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=918sHVwpk0U:LvE6IivhAxE:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=918sHVwpk0U:LvE6IivhAxE:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=918sHVwpk0U:LvE6IivhAxE:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/-G1b7XCdZnVY/UXWsMY-CErI/AAAAAAAAIyw/jjm4_T0Fto0/s72-c/NDX_Apr22.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-nasdaq-100-net.html</feedburner:origLink></item><item><title>Daily Market Commentary: Tech Continues to Sell Off</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/wuiAlY9AufM/daily-market-commentary-tech-continues.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Thu, 18 Apr 2013 15:50:36 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-5464287781646777915</guid><description>Sellers kept the pressure on, with Technology taking the brunt of it. The swing low (and former 'bear trap') from early April was knocked out. This leaves the Nasdaq's 200-day MA as the next target. The Nasdaq 100 also knocked out its swing low, but almost managed to make it to its 200-day MA. Look for other indices to do likewise.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-oy6wIQ1Z4Vc/UXBvd5n1DMI/AAAAAAAAIyA/6urmOQfS44A/s1600/COMPQ_Apr18b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-oy6wIQ1Z4Vc/UXBvd5n1DMI/AAAAAAAAIyA/6urmOQfS44A/s1600/COMPQ_Apr18b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-2f4hkCXuCJA/UXBvnAEHIBI/AAAAAAAAIyI/0U-QylDbqTk/s1600/NDX_Apr18b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-2f4hkCXuCJA/UXBvnAEHIBI/AAAAAAAAIyI/0U-QylDbqTk/s1600/NDX_Apr18b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;&lt;a name='more'&gt;&lt;/a&gt;However, the semiconductor index was able to dig in at the April swing low. If this can hold tomorrow, it will offer a foundation for a bounce if the Nasdaq and Nasdaq 100 (the latter in particular).&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-ioNhEaA_UyE/UXByJPGJgaI/AAAAAAAAIyg/AfbASLYfh7Q/s1600/SOX_Apr18c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-ioNhEaA_UyE/UXByJPGJgaI/AAAAAAAAIyg/AfbASLYfh7Q/s1600/SOX_Apr18c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Russell 2000 has the largest room to fall. It's hard to see support, so it will be looking to other indices to help it build a recovery.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-dBIW8brwplQ/UXBwFwLH83I/AAAAAAAAIyQ/1tkmV4LpSpE/s1600/RUTX_Apr18.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-dBIW8brwplQ/UXBwFwLH83I/AAAAAAAAIyQ/1tkmV4LpSpE/s1600/RUTX_Apr18.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The S&amp;amp;P finished on rising channel support. In the process, it did undercut the 50-day MA, but channel support is of greater significance.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-Y3sks6fFXBA/UXBxtBoBjrI/AAAAAAAAIyY/Gb6AOCJhfAA/s1600/SPX_Apr18c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-Y3sks6fFXBA/UXBxtBoBjrI/AAAAAAAAIyY/Gb6AOCJhfAA/s1600/SPX_Apr18c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Friday should see some buying with indices lurking at support. &amp;nbsp;The question is whether there is enough support for indices to mount a tradable rally? Stops on a loss of support is a good place to start.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;&lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/-oy6wIQ1Z4Vc/UXBvd5n1DMI/AAAAAAAAIyA/6urmOQfS44A/s72-c/COMPQ_Apr18b.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-tech-continues.html</feedburner:origLink></item><item><title>Daily Market Commentary: Bears Win</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/DsG_xVFv2B4/daily-market-commentary-bears-win.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Wed, 17 Apr 2013 15:04:29 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-2533816837735171814</guid><description>Yesterday's gains were undone by today's round of selling. &amp;nbsp;Volume climbed to register a second big distribution day in three as technicals remained under pressure. This selling doesn't look done.&lt;br /&gt;&lt;br /&gt;The S&amp;amp;P was able to defend its 50-day MA, which is in close proximity to rising channel support. However, &amp;nbsp;with similar support trashed in the Nasdaq and Russell 2000, it's going to be hard for the index to hold this support.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-KIVMbzpyEUc/UW8ZY_utxUI/AAAAAAAAIxY/JiKNySxGreo/s1600/SPX_Apr17b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-KIVMbzpyEUc/UW8ZY_utxUI/AAAAAAAAIxY/JiKNySxGreo/s1600/SPX_Apr17b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq broke through its 50-day MA as it moves to test the swing low. Next stop is the 200-day MA.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://2.bp.blogspot.com/-H-LBG9cHoOM/UW8bAzZ3YEI/AAAAAAAAIxg/NKQAP57eeXQ/s1600/COMPQ_A%5Br17b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://2.bp.blogspot.com/-H-LBG9cHoOM/UW8bAzZ3YEI/AAAAAAAAIxg/NKQAP57eeXQ/s1600/COMPQ_A%5Br17b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;br /&gt;&lt;/div&gt;Finally, the Russell 2000 pushed a new low, erasing the prior day's buying in a single swoop. This is the first of the lead indices to turn net bearish technically.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;/div&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-oq9jKOn4Fxs/UW8cH0lJKVI/AAAAAAAAIxw/Yq_jSIE6zNA/s1600/RUTX_Apr17b.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-oq9jKOn4Fxs/UW8cH0lJKVI/AAAAAAAAIxw/Yq_jSIE6zNA/s1600/RUTX_Apr17b.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Watch the Russell 2000 for a move to its 200-day MA. Expect the S&amp;amp;P and Nasdaq to follow suit.&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=DsG_xVFv2B4:X68fsHJ3_84:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=DsG_xVFv2B4:X68fsHJ3_84:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=DsG_xVFv2B4:X68fsHJ3_84:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=DsG_xVFv2B4:X68fsHJ3_84:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=DsG_xVFv2B4:X68fsHJ3_84:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/-KIVMbzpyEUc/UW8ZY_utxUI/AAAAAAAAIxY/JiKNySxGreo/s72-c/SPX_Apr17b.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-bears-win.html</feedburner:origLink></item><item><title>Daily Market Commentary: Low Volume Buying</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/XRS3NiBVA8w/daily-market-commentary-low-volume_16.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Tue, 16 Apr 2013 14:24:38 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-2594742835201241520</guid><description>The rebound was decent, but lacked volume conviction. It didn't do enough to reverse the breakdown in the Russell 2000, but it did push the Nasdaq and Nasdaq 100 into a 50:50 situation.&lt;br /&gt;&lt;br /&gt;The Russell 2000 came back to the breakdown line, but finished below its 50-day MA. Technicals are close to a net bearish turn.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-97uJi83KCR4/UW2-M3VLlOI/AAAAAAAAIwo/3JCcRDdGT44/s1600/RUTX_Apr16c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-97uJi83KCR4/UW2-M3VLlOI/AAAAAAAAIwo/3JCcRDdGT44/s1600/RUTX_Apr16c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq 100 is trading on the breakout side of the consolidation, but it will have to take out 2,863 to offer bulls a reason to go long.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-MBpVeQnYtQE/UW2-sNE_fxI/AAAAAAAAIww/Yy12g0P91BM/s1600/NDX_Apr16c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-MBpVeQnYtQE/UW2-sNE_fxI/AAAAAAAAIww/Yy12g0P91BM/s1600/NDX_Apr16c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The Nasdaq came back inside its bearish wedge, but by its nature, the likely future outcome is still bearish.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-NrWFROd_7_g/UW2__Sc8j4I/AAAAAAAAIw4/jSfieOYfq2w/s1600/COMPQ_Apr16c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-NrWFROd_7_g/UW2__Sc8j4I/AAAAAAAAIw4/jSfieOYfq2w/s1600/COMPQ_Apr16c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Yesterday's sell off hit breadth hard. That brief April recovery was knocked back in a single day's selling. However, the breadth indicator is not yet oversold.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-McF4XDKeBv8/UW3A_omT1gI/AAAAAAAAIxA/uu-V0Q6RtwU/s1600/NAA50R_Apr15c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-McF4XDKeBv8/UW3A_omT1gI/AAAAAAAAIxA/uu-V0Q6RtwU/s1600/NAA50R_Apr15c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;And the Bullish Percents have a long way to fall before they reach an oversold evaluation.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-VcEcvMduYac/UW3BaBJRo0I/AAAAAAAAIxI/4JN3XCqlpJ8/s1600/BPCOMPQ_Apr16c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-VcEcvMduYac/UW3BaBJRo0I/AAAAAAAAIxI/4JN3XCqlpJ8/s1600/BPCOMPQ_Apr16c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Bears look likely they will toy with bulls a little while longer...&lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=XRS3NiBVA8w:v8j7ypzN6tc:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=XRS3NiBVA8w:v8j7ypzN6tc:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:qj6IDK7rITs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=qj6IDK7rITs" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:dnMXMwOfBR0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=dnMXMwOfBR0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:gIN9vFwOqvQ"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=XRS3NiBVA8w:v8j7ypzN6tc:gIN9vFwOqvQ" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:l6gmwiTKsz0"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=l6gmwiTKsz0" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:TzevzKxY174"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?d=TzevzKxY174" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/FallondTradeHistory?a=XRS3NiBVA8w:v8j7ypzN6tc:wF9xT3WuBAs"&gt;&lt;img src="http://feeds.feedburner.com/~ff/FallondTradeHistory?i=XRS3NiBVA8w:v8j7ypzN6tc:wF9xT3WuBAs" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/-97uJi83KCR4/UW2-M3VLlOI/AAAAAAAAIwo/3JCcRDdGT44/s72-c/RUTX_Apr16c.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-low-volume_16.html</feedburner:origLink></item><item><title>Daily Market Commentary: Bears Pounce</title><link>http://feedproxy.google.com/~r/FallondTradeHistory/~3/7CjsW-_Wd_s/daily-market-commentary-bears-pounce.html</link><author>noreply@blogger.com (Declan Fallon)</author><pubDate>Mon, 15 Apr 2013 13:56:33 PDT</pubDate><guid isPermaLink="false">tag:blogger.com,1999:blog-10019704.post-6165917247638976549</guid><description>It was a bad day at the office for bulls, but the selling hasn't totally handed control to the bears. &amp;nbsp;The swing lows are still defendable positions, although action in the Russell 2000 suggests these won't be defended very hard.&lt;br /&gt;&lt;br /&gt;The near 4% sell off in the Russell 2000 knocked out the swing low, with a clean slice of the 50-day MA to boot. &amp;nbsp;There is little to protect until the index gets down to its 200-day MA. What's most problematic is the role of the Russell 2000 as a trend leader, and this trend is clearly favouring bears (for Small Caps). &amp;nbsp;Look for Tech and Large Caps to follow - eventually.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-J03lqmIVigg/UWxkmU8fkSI/AAAAAAAAIwA/hVP6Yzkw00w/s1600/RUTX_Apr15c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-J03lqmIVigg/UWxkmU8fkSI/AAAAAAAAIwA/hVP6Yzkw00w/s1600/RUTX_Apr15c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;a name='more'&gt;&lt;/a&gt;&lt;br /&gt;The Nasdaq was working off a 'bear trap', but today's losses have come close to negating it. A loss of 3,168 confirms. The larger bearish wedge is still influencing matters, with the 200-day MA the downward target.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-r13lZxoKsLk/UWxmDJr6_3I/AAAAAAAAIwI/XlLVOJTtXVk/s1600/NASD_Apr15c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-r13lZxoKsLk/UWxmDJr6_3I/AAAAAAAAIwI/XlLVOJTtXVk/s1600/NASD_Apr15c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;The S&amp;amp;P had the lightest of losses, but yet remains inside the broader bullish channel, and above its 50-day MA. While this will likely break, it should be honored until it happens. If buyers reappear they will flock to defensive Large Caps first, but sellers will likely have control the market for another few days.&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-ul8BzMPz0Bw/UWxnOgDXTmI/AAAAAAAAIwQ/gaw4H9JZYtg/s1600/SPX_Apr15c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://4.bp.blogspot.com/-ul8BzMPz0Bw/UWxnOgDXTmI/AAAAAAAAIwQ/gaw4H9JZYtg/s1600/SPX_Apr15c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Again, the Nasdaq 100 neatly shows the battle; bull and bear traps in close proximity - which will be the one to lose out?&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://3.bp.blogspot.com/-nLnkF8p-p-I/UWxoNTJ-O_I/AAAAAAAAIwY/lv9NsNkz5wY/s1600/NDX_Apr15c.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" src="http://3.bp.blogspot.com/-nLnkF8p-p-I/UWxoNTJ-O_I/AAAAAAAAIwY/lv9NsNkz5wY/s1600/NDX_Apr15c.png" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;br /&gt;Traders will probably be looking at short positions in or around the 20-day MAs, especially for the Russell 2000. Certainly, 20-day MAs will be the first of many tests for bulls over the coming days. &amp;nbsp;Bears will be wanting a push down to 200-day MAs before looking to take profits. &lt;br /&gt;&lt;br /&gt;---&lt;br /&gt;&lt;br /&gt;&lt;a href="http://twitter.com/fallondpicks"&gt;Follow Me on Twitter&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;  Dr. Declan Fallon is the Senior Market Technician and Community Director for &lt;a href="http://www.zignals.com/"&gt;Zignals.com&lt;/a&gt;.  You can read what others are saying about Zignals on &lt;a href="http://www.investimonials.com/websites/reviews-zignals.aspx"&gt;Investimonials.com&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;  &lt;a href="http://www.zignals.com/main/register.aspx"&gt;JOIN ZIGNALS TODAY - IT'S FREE!&lt;/a&gt;&lt;br /&gt;&lt;span style="color: #999999;"&gt;&lt;script src="http://feeds.delicious.com/v2/js/Zignalsnews?title=My%20Delicious%20Bookmarks&amp;amp;icon=m&amp;amp;count=5&amp;amp;sort=date&amp;amp;tags&amp;amp;extended&amp;amp;name&amp;amp;showadd" type="text/javascript"&gt;&lt;/script&gt;&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;hr /&gt;  &lt;a href="http://www.blog.fallondpicks.com"&gt;Fallond Stock Picks&lt;/a&gt;&lt;/div&gt;&lt;div class="feedflare"&gt;
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&lt;/div&gt;</description><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/-J03lqmIVigg/UWxkmU8fkSI/AAAAAAAAIwA/hVP6Yzkw00w/s72-c/RUTX_Apr15c.png" height="72" width="72" /><thr:total xmlns:thr="http://purl.org/syndication/thread/1.0">0</thr:total><feedburner:origLink>http://www.markets.fallondpicks.com/2013/04/daily-market-commentary-bears-pounce.html</feedburner:origLink></item></channel></rss>
