Tuesday, March 23, 2010

HealthCare Passes and the Market Celebrates!

While this headline is not likely to appear anywhere, you can be certain if the market fell it would have been attributed to the passage of the HealthCare bill. But while the gains looked good on paper, there wasn't the volume surge to suggest a strong level of demand for stocks. An absence of sellers is perhaps a better way to look at Monday's gains.

While US markets continue to work higher, farther afield markets continue to struggle to regain 2009 momentum. The BSE 100 index has yet to mount a challenge of January highs with a trading range emerging between 8,400 and 9,400.

Zignals Chart Image

With US markets pushing higher it's looking more favourable the Indian BSE exchange will follow suit. Should US markets drop below their January highs it would be a negative signal to the global market, pushing the BSE to the lower end of its range and perhaps a breakdown.

The Trading Strategies published by our members will take these movements in their stride; exiting to protect profits or limit losses while offering new opportunities to both long and short strategies; 106 trading strategies are available for FREE during Beta. Why not build the 107th in our trading system builder.

ASX Oak

Short Exit at Stop for COH (Sydney) at AU$70.47

ASX Price x 20-day MA

New Long Target and Stop for COH (Sydney) at AU$70.18 (EoD): Target AU$74.02, Stop AU$66.97
Long Confirmation Entry for ORG (Sydney) at AU$16.56

BSE Zignals

Long Confirmation Entry for GLXO (Mumbai) at INR1743.5
Long Exit at Stop for HPCL (Mumbai) at INR317.7

ETF Elm

Long Entry for DDM (NYSE) at $46.52
Long Entry for UWM (NYSE) at $32.44 (EoD) on 22 Mar 10

ETF Heaven - Medium

ETF Heaven - Medium Long Entry for UWM (NYSE) at $32.44

ETFs Oak

New Short Target and Stop for QID (NYSE) at $16.86 (EoD): Target $15.14, Stop $18.50

Frankfurt High Winners

Long Confirmation Entry for PFV (Frankfurt) at €57.62
Long Confirmation Entry for SY1 (Frankfurt) at €16.82
New Long Target and Stop for LXS (Frankfurt) at €33.44 (EoD): Target €36.26, Stop €32.81
Long Exit at Trailing Stop for TKA (Frankfurt) at €24.48
Long Entry for MRK (Frankfurt) at €60.40 (EoD)

India Oak

Short Entry for ZEE (Mumbai) at INR270.4
Short Confirmation Entry for DLFL (Mumbai) at INR307.6
Short Entry for ESRO (Mumbai) at INR137.8
Short Entry for NEST (Mumbai) at INR2660.3

Indian High Winners

Long Exit at Trailing Stop for BHEL (Mumbai) at INR2345.6

UK Golden Brown

New Long Target and Stop for TIK (London) at 163p (EoD): Target 181p, Stop 148p
New Long Target and Stop for CCT (London) at 96p (EoD): Target 106p, Stop 87p
Long Entry for CRW (London) at 376p (EoD) on 22 Mar 10
Long Entry for LCG (London) at 130p (EoD) on 22 Mar 10

UK High Winners

Long Exit at Trailing Stop for BBAY (London) at 354p
Long Exit at Trailing Stop for MAI (London) at 147p
Long Confirmation Entry for TEP (London) at 287p
Long Entry for CRW (London) at 376p (EoD)
New Long Target and Stop for CCT (London) at 96p (EoD): Target 106p, Stop 92p
Long Confirmation Entry for LCG (London) at 130p (EoD)
New Long Target and Stop for TIK (London) at 163p (EoD): Target 173p, Stop 157p
Long Entry for MTEC (London) at 225p

US Elm

Long Entry for CAT (NYSE) at $58.86
Long Confirmation Entry for AAPL (Nasdaq) at $220.9
Long Entry for C (NYSE) at $3.90
Long Entry for CSCO (Nasdaq) at $25.96

US Oak

Short Exit at Stop for DIS (NYSE) at $34.19 (EoD) on 22 Mar 10

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Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies for global markets under the user id: ‘Fallond’, ‘ETFTrader’ and ‘Z_Strategy’ available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock list 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 trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com.

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