Declan Fallon

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Articles

Russell 2000 Breaks Out as Small-Cap Leadership Reemerges

1 month ago | investing.com | Declan Fallon

The ($IWM) could be driving the lead out with a gap breakout of the declining channel alongside a close above the 20-day MA. The bounce off the bottom comes with a ’buy’ in the MACD after successfully reaching the measured move target. The next target is redrawn resistance at the red hashed line and/or the 200-day MA. The has managed to make it back to its 200-day MA and the January swing low.
S&P 500, Nasdaq Near Critical Retest Levels - Will Buyers Defend the Lows?

1 month ago | investing.com | Declan Fallon

With the selling pressure we have seen it was no surprise to see markets record a loss. The degree of selling was relatively modest, but it does put indices in a situation where they need to test the strength of the recent swing low. This may take 2-3 days to play out. The has still a few days’ worth of selling before it gets to test the strength of its swing low. The has perhaps one more day before it tests the low. I will be looking for a spike low in an ideal retest.
Just a Dead-Cat Bounce or Something Better?

1 month ago | investing.com | Declan Fallon

It’s still a little too early to say, but the bounce is in play and "long" is the place to be. There is a huge amount of overhead resistance and the risk:reward remains tight with moves back to Thursday’s lows well within expectations. For the , I would be looking for a rally back to test the 200-day MA, or a fast-falling 20-day MA, whichever is the lowest.
Russell 2000: Triple Spike Low Signals a Tradable Bottom

1 month ago | investing.com | Declan Fallon

Sellers have to tire at some point and yesterday could have been that day. I'm not a huge fan of 'black' candlesticks (higher open, lower close - but a close above the prior day's close), but they are only really problematic at tops of rallies, not ends of declines. But for the majority of yesterday's candlesticks, we are looking at spike lows - similar to what we saw yesterday. It will likely be a slow climb, but the risk:reward for longs looks favorable.
Russell 2000 Hits Measured Move Target as Selling Weakens: Buy Signal?

1 month ago | investing.com | Declan Fallon

Looking for the positives when there aren't many. The () was able to recover some of its intraday losses, finishing on the measured move target derived from the December-January decline. Volume was also down on previous days, suggesting we may have some sellers exhaustion. The index is oversold and Small Caps are starting to outperform both the and the . The sold off on confirmed distribution to its 200-day MA, also the swing low for November and January.
S&P 500, Russell 2000 Break Key Trendlines - Deeper Correction Ahead?

1 month ago | au.investing.com | Declan Fallon

I know there is the smell of fear in the air when I see my readership double as we reach a point where weekly chart factors come into play. Up until last week, markets have enjoyed steady advances since the swing lows of 2023, but that has started to change. It's not all doom-and-gloom, but we have to consider a significant change is in play with respect to market trends.
Russell 2000 Nears Critical Death Cross as Bearish Momentum Builds

1 month ago | investing.com | Declan Fallon

There was some modest buying today from the open, but volume was light and markets are below trading range support established during the latter part of 2024. It's hard to see where the buyers are going to come from given the chaos of Trump. I should add, I listened to Josh Brown's The Compound podcast and he showed an interesting chart of market returns in April-May in the year following a strong return in markets; in essence, selling to pay capital gains tax.
Nasdaq, S&P 500, and Russell 2000 Test Critical Lows

1 month ago | investing.com | Declan Fallon

Sellers whipped bulls with an undercut of Friday's lows on higher volume distribution. There was no denying which side of the market traders were sitting at. The () moved away from its 200-day MA and the January swing low in a substantive push lower. I would be looking at a measured move lower to 200 as a starting point. The gave up all of Friday's gains and is now looking at a test of its 200-day MA, although it hasn't yet lost the January swing low.
Nasdaq Tests 200-Day MA, S&P 500 Holds Firm as Russell 2000 Breaks Weekly Trend

1 month ago | investing.com | Declan Fallon

Friday's Oval Office meltdown points to a future of nuclear proliferation. How markets react to this and the long-term prospects for the U.S. remain to be seen, but it's not good for either nation if the impasse continues. Will China step in and offer a deal to Ukraine in exchange for security? Will Russia eventually take it all in the absence of U.S. military aid? Can UK and Europe offer a plan that holds the stasis quo until European forces are in a position to resist?
S&P 500 Remains the Best Bet for Bulls as Nasdaq, Russell 2000 Struggle

1 month ago | investing.com | Declan Fallon

There was not much positivity to yesterday, even though the supports for key indexes managed to hold. The () showed this best with the undercut of the 200-day MA, then a (double) failed attempt to recover the 200-day MA, but the support level from the 'bear trap' still holds. Technicals are net bearish and there have been two distribution days over the past four days. I can't see 'bear trap' support holding for much longer here.