January 17, 2013 at 16:35 PM EST
Daily Market Commentary: Markets Breaks Higher
The semiconductor index had the best of the day's action, climbing 2% and taking out the September high with ease. This move wasn't entirely followed by the Nasdaq and Nasdaq 100, although a minor breakout did materialize in the Nasdaq. The S&P cleared the tight consolidation from the past few days, but the extent of the reaction wasn't as great as I thought. The Russell 2000 kept its mini-follow through rally running, but again, nothing spectacular.  Bulls will be pleased too. I don't think bulls are done, with the semiconductor index likely to continue their good form.  The Nasdaq and Nasdaq 100 should benefit from its strong performance, although they haven't - yet - gone along for the ride. --- Follow Me on Twitter Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com . I offer a range of stock trading strategies for global markets which can be Previewed for Free with delayed trade signals. You can also view the top-10 best trading strategies for the US, UK, Europe and Rest-of-the-World in the Trading Strategy Marketplace Leaderboard. The Leaderboard also supports advanced search capability so you can tailor your strategies to suit your individual requirements. Zignals offers a full suite of FREE financial services including price and fundamental stock alerts , stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager , active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own strategy and sell it in the MarketPlace to earn real cash. You can read what others are saying about Zignals on Investimonials.com . JOIN ZIGNALS TODAY - IT'S FREE! Fallond Stock Picks
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