Articles By: Dr. Declan Fallon
Large Caps regained the momentum lost by three days of selling from the first half of last week
Shorts will have been happy with today’s action; small losses, an attempt to rally in the morning cut short
It’s not a significant breakdown, but the Semiconductor index broke below wedge support, bringing it back to its 50-day
If one was to only look at Daily Charts, all looks well: new highs, technicals net bullish, decent volumes.
Large Caps made their breaks yesterday, today was the turn of the Nasdaq and Nasdaq 100.
The scale of losses wasn’t major
Out of today’s action – the Dow might give shorts something to work with on Tuesday
Decent day on Friday, even if it wasn’t enough to recover all of the losses from Thursday
It looks like indices were doing their best to upstage Twitter’s IPO.
The flight to safety continued to play out with the S&P, and Dow in particular, enjoying gains; while the small cap Russell 2000 suffered