Zignals Trading Strategies That Work; March 22nd

After Friday's sell off in the SPY, the iShares FTSE 100 took the baton and ran with it. The ISF eased off the two upper band moving average envelopes and is heading lower Monday with a target likely around 545 (c5,450 for the FTSE 100 itself) as bands rally to meet falling price. Note also, with the exception of the January reaction low at 30, the ultimate oscillator tends to find support around the 35 mark; with a current value of 62 it still has some way to fall.



With that in mind it will likely be a busy week of stop-hits for long FTSE trading strategies. The following signals were generated after Friday's close.

BSE Zignals

Long Entry for SBI (Mumbai) at INR2049.1

Developing a Strategy

Long Confirmation Entry for KO (NYSE) at $54.25

Frankfurt High Winners

New Long Target and Stop for PUM (Frankfurt) at €231.5 (EoD): Target €257.4, Stop €222.3
Long Confirmation Entry for KRN (Frankfurt) at €39.48 (EoD)
New Long Target and Stop for MLP (Frankfurt) at €7.61 (EoD): Target €8.43, Stop €7.28
Long Entry for AFX (Frankfurt) at €11.35
Long Exit at Trailing Stop for SDF (Frankfurt) at €44.99

India Oak

Short Entry for ABAN (Mumbai) at INR1242.2

Indian Golden Brown

Long Unacted Entry for GLXO (Mumbai) at INR1708.4 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.

Indian High Winners

Long Confirmation Entry for GLXO (Mumbai) at INR1708.4
Long Confirmation Entry for PGRID (Mumbai) at INR106.7

Indian Strength

Long Exit at Trailing Stop for KOTAK (Mumbai) at INR743.4
Long Confirmation Entry for ONGC (Mumbai) at INR1068.1
Long Unacted Entry for MCDL (Mumbai) at INR1372.7 (EoD): Entry signal given, but exited position on same stock too recently (10) days ago.

Short Trender

Short Exit at Trailing Stop for MSFT (Nasdaq) at $29.93 (EoD)

UK Golden Brown

Long Entry for CCAP (London) at 17p

UK High Winners

Long Entry for CCAP (London) at 17p
Long Exit at Trailing Stop for SPT (London) at 120p
Long Exit at Trailing Stop for STHR (London) at 310p

US High Winners

Long Exit at Trailing Stop for IP (NYSE) at $25.87
Long Confirmation Entry for KO (NYSE) at $54.25
Long Exit at Trailing Stop for F (NYSE) at $13.79
New Long Target and Stop for INTC (Nasdaq) at $22.37 (EoD): Target $24.63, Stop $21.27
New Long Target and Stop for BA (NYSE) at $71.44 (EoD): Target $76.97, Stop $69.64

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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.

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