It looks like US markets will open lower which will leave 50-day MAs as resistance levels - only the Russell 2000 has some scope to retain this moving average although it will open the day contending with 20-day MA resistance.
It looks like we are going to see how much resolve human participants have versus the bot traders. A gradual drop is unlikely to trigger algorithmic buys so this could be a morale sapping decline to last week's lows.
There are 195 trading strategies available in the Marketplace. Most of Wednesday's signals were long entries although Developing a Strategy had a profit target exit for Starbucks (SBUX) at 29.7%.
BSE Zignals
Long Confirmation Entry for NEST (Mumbai) at INR2726.4
Long Confirmation Entry for HROH (Mumbai) at INR1888.8
Commodities Oak
Short Exit at Stop for GldUSD (Commodities) at $1234.4
Developing a Strategy
Long Exit at Profit Target for SBUX (Nasdaq) at $26.81
Frankfurt High Winners
Long Confirmation Entry for WCH (Frankfurt) at €108.0
Long Confirmation Entry for ADS (Frankfurt) at €43.08
Long Confirmation Entry for WIN (Frankfurt) at €47.90
Long Confirmation Entry for DB1 (Frankfurt) at €54.81
Long Confirmation Entry for SAP (Frankfurt) at €35.70
Long Confirmation Entry for RHM (Frankfurt) at €51.10
Long Entry for DEZ (Frankfurt) at €4.41
Long Unacted Entry for BOS (Frankfurt) at €24.57 (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
Long Unacted Entry for MAN (Frankfurt) at €68.54 (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
Long Unacted Entry for PUM (Frankfurt) at €232.5 (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
Long Unacted Entry for LXS (Frankfurt) at €34.47 (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
Long Unacted Entry for GBF (Frankfurt) at €49.40 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
FTSE Elm
Long Entry for PTEC (London) at 451p (EoD) on 12 May 10
Indian Golden Brown
New Long Target and Stop for ASOK (Mumbai) at INR66.33 (EoD): Target INR74.91, Stop INR61.29
Long Unacted Entry for NEST (Mumbai) at INR2726.4 (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
Long Unacted Entry for JLVY (Mumbai) at INR1207.4 (EoD): Entry signal given, but exited position on same stock too recently (10) days ago.
Indian High Winners
Long Confirmation Entry for JLVY (Mumbai) at INR1207.4
Long Entry for HROH (Mumbai) at INR1888.8
Long Unacted Entry for NEST (Mumbai) at INR2726.4 (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.
New Long Target and Stop for ASOK (Mumbai) at INR66.33 (EoD): Target INR71.51, Stop INR64.70
My First Subscribed Strategy
New Long Target and Stop for SBUX (Nasdaq) at $27.61 (EoD): Target $30.72, Stop $23.74
Relative Canada
Long Confirmation Entry for VIC.UN (Toronto) at $15.87
Long Confirmation Entry for KEY.UN (Toronto) at $25.98
Long Entry for ARF.UN (Toronto) at $19.99
Long Unacted Entry for NAE.UN (Toronto) at $11.57 (EoD): Entry signal given, but exited position on same stock too recently (11) days ago.
Relative Frankfurt
Long Entry for DTE (Frankfurt) at €9.01
Long Entry for IDS (Frankfurt) at €16.08
Tri-indicator Canada
Long Entry for KEY.UN (Toronto) at $25.98
UK Golden Brown
Long Entry for ACMG (London) at 199p
Long Entry for SFR (London) at 218p
UK High Winners
Long Confirmation Entry for ACMG (London) at 199p
Long Entry for FDSA (London) at 1313p
Long Entry for SFR (London) at 218p
Long Unacted Entry for BILN (London) at 160p (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
US High Winners
New Long Target and Stop for SBUX (Nasdaq) at $27.78 (EoD): Target $30.72, Stop $26.53
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