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skip to main | skip to sidebar Thursday, February 20, 2020 S&P and Nasdaq Recover Morning Losses, Russell 2000 Leads Volume has eased since markets broke clear of resistance to new all-time highs. The S&P did enough to tag both breakout support and its 20-day MA as part of today's correction. Technicals are all positive although +DI/-DI is on the verge of a bearish crossover. Read more! Posted by Declan Fallon at 10:18 PM View Comments Links to this post Tuesday, February 18, 2020 Market Indecision Between's Apple disappointing sale guidance, HSBC's 35,000 employee layoff plan, and lingering Coronavirus, it was looking like markets were heading towards a clear downward session - but this was not the case. Instead, there was a large degree of indecision as existing holders were reluctant to sell but few buyers were willing to step in to defend these elevated prices. On a pure technical view, markets look well positioned for further gains, the Russell 2000 in particular, but the Coronavirus hasn't yet revealed its full impact on economic supply chains or consumer confidence. The key trigger (for me) remains the Russell 2000. The channel breakout remains valid, even if the index hasn't yet blown past 52-week highs. Technicals are good, although On-Balance-Volume is on the verge of a 'sell' trigger. Relative market performance remains very poor and is a long way from a new 'buy' trigger. Read more! Posted by Declan Fallon at 10:01 PM View Comments Links to this post Sunday, February 16, 2020 Rallies Defended There wasn't a whole lot to Friday's action, but the one thing which was important was the successful defense of the Russell 2000 channel breakout. As a bonus, the Nasdaq is running alongside channel resistance and is ready to accelerate higher. The S&P is caught in the middle of its channel and Friday's action didn't change anything. The Thursday breakout in the Russell 2000 gave up nearly 0.5%, but didn't reverse any of the earlier bullish technical picture. Read more! Posted by Declan Fallon at 9:57 PM View Comments Links to this post Wednesday, February 12, 2020 Breakouts Extend The S&P extended its move above 3,330 resistance on higher volume accumulation. There is still room to run to channel resistance on net bullish technicals. Read more! Posted by Declan Fallon at 11:24 PM View Comments Links to this post Older Posts Home Subscribe to: Posts ( Atom ) Invest4Success Twitter Blog Feed Market Charts Profile Contributor Recommended Contributor Forbes Best-of-Web MTA Affiliate Learn More About Social Trading Helpful Links How to Use My Stock Pick List Free Tech Screener Just for Fun.. This clock reached its time on October 19th 2017. This was a forecast for a "Major Market Top". Unfortunately, I can't find the link for the source material (but years ending in "7" was one of the red flags) but I thought it interesting enough to start this countdown clock 2 years ago. I did a post on this here Let's see if it carries any credence. Subscribe To Posts Atom Posts All Comments Atom All Comments Home | Market Charts | Contact me | About Me | Disclaimer f9229fcfd1b1390be00cfccc86c90349c93a4179bf4227457c...