The next big test will come at 3,275 (and rising) which will be challenged today or tomorrow. Given the richly overbought markets there may only be a brief defense of 3,275 before a stronger push to the prior accumulation zone starting at 3,109 and ranging down as far as 2,800 (2,850 and 3,025 are internal support levels). Short players may want to wait for some relief before entering positions with a stop above 3,375; I can't see markets breaking the latter level for a while (maybe by the end of the year).
Trading Signals
Just one profit target exit for HPQ from "Developing a Trading Strategy" and a couple of stop exits for PVCS and FDSA on the London market. You can find the following strategies in the 153 trading strategies currently available in the Zignals MarketPlace
ASX Elm
New Long Target and Stop for CBA (Sydney) at AU$59.69 (EoD): Target AU$65.81, Stop AU$53.85
BSE Zignals
Long Confirmation Entry for WRWDT (Mumbai) at INR1528.1
Long Confirmation Entry for TELCO (Mumbai) at INR773.5
Developing a Strategy
New Long Target and Stop for CSCO (Nasdaq) at $27.32 (EoD): Target $30.18, Stop $24.70
Long Confirmation Entry for KO (NYSE) at $54.34
Long Exit at Profit Target for HPQ (NYSE) at $54.05
Forex High Winners
Long Confirmation Entry for JPYUSD (FX) at 0.0110
Long Confirmation Entry for ZARUSD (FX) at 0.1370
Indian Golden Brown
Long Confirmation Entry for WRWDT (Mumbai) at INR1528.1
Long Entry for ASOK (Mumbai) at INR54.61
Long Entry for PGRID (Mumbai) at INR107.8
Relative Canada
Long Entry for KEY.UN (Toronto) at $26.13
Relative ETFs
Long Confirmation Entry for DXD (NYSE) at $25.12
Long Confirmation Entry for QID (NYSE) at $15.60
Long Entry for SDS (NYSE) at $29.06
Long Unacted Entry for TWM (NYSE) at $18.12 (EoD): Entry signal given, but exited position on same stock too recently (14) days ago.
Tri-Indicator UK
Long Exit at Stop for PVCS (London) at 45p
UK High Winners
Long Exit at Trailing Stop for FDSA (London) at 1414p
US High Winners
New Long Target and Stop for AAPL (Nasdaq) at $250.5 (EoD): Target $263.7, Stop $238.6
Long Confirmation Entry for KO (NYSE) at $54.34
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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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