Home | Member Stock Picks [$] | Free Stock Pick | Trading Jobs | Links | Sample Newsletter | Blog

User id: member email. Password: gold

January 2nd: New look coming soon. Please head to my blog for the latest market commentary.

User id: Member email. Password: goldDecember 22nd: Monday's losses were percentage significant even if the indices were able to pare back some of its losses. However, volume was very light. There was an increasing level of technical damage with rising support from November breached in a couple of indices in addition to breaches of 20-day MA support. The NASDAQ and NASDAQ 100 did enough to hold rising support and their 20-day MAs. The Dow and S&P each confirmed a break of rising support and lost their respective 20-day MAs. The Russell 2000 tagged 20-day MA support as it stayed close to its 50-day MA and October-December resistance; however, a 'sell' trigger was created in its CCI. The semiconductor index was similarly penned in by channel resistance but its losses didn't break 20-day MA support.

Certainly there is a shift in strength towards small caps and tech (to a lesser degree), but this needs to be revealed in the indices with a stronger push than we are seeing now. Nasdaq breadth indicators [$NASI, $NAA50R and $BPCOMPQ] had not fully updated at time of writing, but the rise in the Summation Index ($NASI) will likely offset by weakness in the Percentage of Stocks above their 50-day MA ($NAA50R) and Bullish Percents ($BPCOMPQ). These are still bullish until proven otherwise.

Target hit: None

Stop hit: VLNC didn't make it out of the gate; it registered as a 15% loss.

User id: Member email. Password: goldDecember 20th: Friday's options expiration masked what was in effect a very quiet day. Although the week saw the indices give up 50-day MAs support, all were able to hold the faster 20-day MA. There was also a firmer shift in relative strength with small caps (Russell 2000) leading tech (NASDAQ and NASDAQ 100) then large caps (Dow and S&P) - the most bullish alignment for markers {Small caps > Tech > Large caps}. The weeks channel breakouts for the NASDAQ and NASDAQ 100 also held.

There was modest technical change with a bearish cross in on-balance-volume (i.e. a shift to distribution) for the Dow as the NASDAQ and NASDAQ 100 swung back in favour of accumulation; a shift from safety to more speculative tech issues? Too early to say given the lack of interest in any stocks.

Nasdaq breadth indicators [$NASI, $NAA50R and $BPCOMPQ] reassumed their ascent, maintaining their bullish form. I hold to my bullish call for the Ticker Sense Blogger Sentiment Poll (30-day S&P outlook).

Target hit: None

Stop hit: PHHM crashed through its stop for a 13% loss.

Declan Fallon

Stockchart public list - updated daily - please remember to vote! Scroll down page after clicking on the link and click "Vote for It!".

Mahalo!

April04, May04, June04, July04, August04, September04, October04, November04, December04, January05, February05, March05, April05, May05, June05, July05, August05, September05, October05, November05, December05, January06, February06, March06, April06, May06, June06, July 06, August06, September06, October06, November06, December06, January07, February07, March07, April07, May07, June07, July07, August07, September07, October07, November 07, December 07, January08, February08, March08, April08, May08, June08, July08, August08, September08, October08, November08, December08 updates.

Sign up for PayPal and start accepting
credit card payments instantly.

Disclaimer

The information found on the Fallond Stock Picks Inc. website (www.fallondpicks.com) has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. Accordingly, investors should not act on any information in this site without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. However, such information has not been verified by Fallond Stock Picks Inc. or any of its employees, Fallond Stock Picks Inc. makes no representations or warranties or takes any responsibility as to the accuracy of completeness of any recommendation or information contained herein. Fallond Stock Picks Inc. accepts no liability to the recipient whatsoever whether in contract, in tort, for negligence, or otherwise for any direct or consequential loss of any kind arising out of the use of the information provided on this website, or of the recipient relying on any such recommendation or information (except insofar as any statutory liability cannot be excluded). Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice. Fallond Stock Picks Inc., or their respective affiliates or their officers, directors, analysts, or employees may have positions in securities referred to herein. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation or an offer to buy any securities mentioned herein. This document does not purport to be a complete description of the securities market or developments to which reference is made. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. Fallond Stock Picks Inc. and their affiliates make no representation that the companies which issue securities which are the subject of their research reports are subject to, or in compliance with certain informational reporting requirements imposed by the Securities Exchange act of 1934. Sales of securities or services covered in any report or on the web site may be made in only those jurisdictions where such securities or services and Fallond Stock Picks Inc. are qualified for solicitation. Fallond Stock Picks Inc. does not warrant, represent or endorse the accuracy or reliability of any of the information, content, advertisements, or Third Party Sites and Content (as defined below) (collectively, the "Materials") contained on, distributed through, or linked, downloaded or accessed from Fallondpicks.com, nor the quality of any products, information, or other materials displayed, purchased, or obtained by you as a result of an advertisement or any other information or offer on or in connection with Fallond Stock Picks Inc. You acknowledge that any use of or reliance upon any Materials shall be at your sole risk. Fallond Stock Picks Inc. reserves the right, in its sole discretion and without any obligation, to make modifications to any portion of the Fallondpicks.com web site or publications at any time. You acknowledge and agree that you bear responsibility for your own investment research and investment decisions, and that Fallond Stock Picks Inc. shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of Fallondpicks.com. Prior to any transaction in securities, you should consult with a qualified professional securities or financial advisor.

Copyright 2004-2008 Fallondpicks.com