Today's outlook is little different. The headline "European markets ambivalent over Greek aid plan" neatly summarises the struggles bulls will have convincing anyone markets are offering value at these inflated levels. Markets will fall under their own weight; a lack of participation on the part of buyers will be enough to send markets lower - irrespective of the activity of sellers or shorts.
What will this mean for markets?
For the S&P (SPY) there is a significant convergence between the 20-day MA and $115.09 support; this will be the watch area for Friday or next Monday.
For the FTSE 250 (MIDD) there is still a level of 'euphoria' from breaking psychological 1,000 resistance. But if US markets were to rollover with more concerted selling - then the joy of pushing past 1,000 will be shortlived. However, there are three key trend supports to watch; while I suspect "Trend Support III" will be cracked there is a good chance bulls will find some bottle to step in at "Trend Support II".
Not surprsingly, Thursday's roller coaster day was a busy one on the Signals front; there was even a signal for the normally quiet "Commodities Oak" short strategy; subscribe to it for FREE during Beta in the Trading Strategy MarketPlace.
BSE Zignals
Long Exit at Profit Target for HROH (Mumbai) at INR1931.0
BSE Zignals 1 mil Rupee
Long Exit at Profit Target for HROH (Mumbai) at INR1931.0
Commodities Oak
Short Entry for SlvUSD (Commodities) at $17.03
Developing a Strategy
New Long Target and Stop for JPM (NYSE) at $45.32 (EoD): Target $50.66, Stop $41.45
ETF Heaven - Medium
Long Entry for TWM (NYSE) at $20.02
ETF Heaven - signal lite
Long Entry for TWM (NYSE) at $20.02
Frankfurt High Winners
New Long Target and Stop for ALV (Frankfurt) at €90.38 (EoD): Target €100.2, Stop €86.56
Long Confirmation Entry for DEQ (Frankfurt) at €23.29
Long Confirmation Entry for EOAN (Frankfurt) at €26.60
New Long Target and Stop for HOT (Frankfurt) at €59.08 (EoD): Target €65.98, Stop €56.98
New Long Target and Stop for SAP (Frankfurt) at €35.44 (EoD): Target €39.38, Stop €34.01
New Long Target and Stop for LEO (Frankfurt) at €15.89 (EoD): Target €18.33, Stop €15.83
Long Unacted Entry for SDF (Frankfurt) at €45.69 (EoD): Entry signal given, but exited position on same stock too recently (12) days ago. on 25 Mar 10
India Oak
Short Entry for ACC (Mumbai) at INR959.9
Short Entry for TELCO (Mumbai) at INR737.5
Short Exit at Stop for UNBK (Mumbai) at INR292.7
Indian Golden Brown
Long Confirmation Entry for ZEE (Mumbai) at INR265.5
Indian High Winners
New Long Target and Stop for UNBK (Mumbai) at INR286.7 (EoD): Target INR324.5, Stop INR280.3
Long Unacted Entry for ZEE (Mumbai) at INR265.5 (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
Indian Strength
New Long Target and Stop for UNBK (Mumbai) at INR284.9 (EoD): Target INR324.5, Stop INR271.4
Long Unacted Entry for KOTAK (Mumbai) at INR723.4 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
Long Entry for DLFL (Mumbai) at INR295.6
Long Exit at Stop for HPCL (Mumbai) at INR310.0
MA Crossover
Long Entry for T (NYSE) at $26.48
New Long Target and Stop for HPQ (NYSE) at $53.32 (EoD): Target $59.17, Stop $49.49
My First Subscribed Strategy
New Long Target and Stop for HPQ (NYSE) at $53.48 (EoD): Target $61.86, Stop $45.72
UK Golden Brown
New Long Target and Stop for CCT (London) at 106p (EoD): Target 119p, Stop 97p
Long Exit at Trailing Stop for HSD (London) at 172p (EoD)
UK High Winners
Long Confirmation Entry for TBK (London) at 461p
New Long Target and Stop for CCT (London) at 106p (EoD): Target 113p, Stop 103p
Long Exit at Stop for BILN (London) at 130p
Long Exit at Stop for SFR (London) at 187p
US Oak
Short Exit at Stop for HPQ (NYSE) at $53.53
US Strength
New Long Target and Stop for HPQ (NYSE) at $53.25 (EoD): Target $58.09, Stop $49.49
New Long Target and Stop for C (NYSE) at $4.25 (EoD): Target $4.73, Stop $4.03
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