Monday, March 15, 2010

Zignals Trading Strategies; No Confirmed Trades For Friday's Close

While markets inch ever higher there is one market measure which looks to have put in a top. The number of Nasdaq stocks making new highs peaked on March 8th at a level which marked previous top on October 14th and above the previous reaction high on January 10th.

Zignals Chart Image

For the aforementioned October and January top the Nasdaq fell approximately 10%, so if one was to apply an 8-10% drop from the current high then the Nasdaq would cleanly cut through its 20-day and 50-day MAs and wouldn't see some semblance of support until it got to its ascending 200-day MA.

Zignals Chart Image

It will be interesting to see how the 79 trading strategies covering UK, US, Canada, India, Ireland, Frankfurt, Australia and Forex markets react to this correction. I suspect many long strategies will see a succession of stop-hits at the trail or fixed stop price.

If you haven't already, now is a great time to find a trading strategy or create your own trading system and sell it in our MarketPlace.

Follow us on twitter here

How to Get Started with Zignals

Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

Dr. Declan Fallon, Senior Market Technician for, 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


blog comments powered by Disqus