Tuesday, May 25, 2010

FTSE 250 (MIDD) Loses 200-day MA Support

After a brief respite at the 200-day MA the FTSE 250 ETF (MIDD) gapped sharply down and through what was support at the 200-day MA. While an end-of-day charge could still rescue this it's hard to see where such a catalyst could come from. The downside projected targets of 852-840p from the bear flag break remain in play with short stops likely to be lowered to 960 on today's action. The most worrying aspect to today is the huge burden of overhead supply for any rally from these depressed levels.

My 58 different varieties of trading strategies were again busy. Surprisingly, there were a number of long entries but I suspect many of these will exit at stops over the coming days.

BSE Zignals

Long Confirmation Entry for NEST (Mumbai) at INR2850.7
Long Confirmation Entry for HROH (Mumbai) at INR1873.8
Long Confirmation Entry for BOB (Mumbai) at INR686.6
Long Exit at Stop for GRSM (Mumbai) at INR2380.4

Commodities Oak

Short Unacted Entry for GldUSD (Commodities) at $1185.5 (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.

Forex Bull Trender

Long Confirmation Entry for CADUSD (FX) at 0.9350
Long Confirmation Entry for NZDUSD (FX) at 0.6690
Long Unacted Entry for AUDUSD (FX) at 0.8150 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
Long Unacted Entry for ZARUSD (FX) at 0.1260 (EoD): Entry signal given, but exited position on same stock too recently (15) days ago.

India Oak

Short Exit at Trailing Stop for JLVY (Mumbai) at INR1124.2
Short Entry for BAJAU (Mumbai) at INR2134.3
Short Entry for ASOK (Mumbai) at INR62.27
Short Confirmation Entry for KOTAK (Mumbai) at INR764.5

Indian Golden Brown

Long Entry for NEST (Mumbai) at INR2850.7

Indian High Winners

Long Confirmation Entry for HROH (Mumbai) at INR1873.8
Long Unacted Entry for BSES (Mumbai) at INR1022.0 (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.
Long Entry for NEST (Mumbai) at INR2850.7

Microsoft Buy-the-Dips

Long Exit at Trailing Stop for MSFT (Nasdaq) at $26.30

My First Subscribed Strategy

Long Confirmation Entry for GOOG (Nasdaq) at $481.7

Relative Aussie

Long Confirmation Entry for LEI (Sydney) at AU$31.54
Long Entry for AMP (Sydney) at AU$5.55
Long Entry for DJS (Sydney) at AU$4.23
Long Entry for ORG (Sydney) at AU$14.30
Long Entry for TAH (Sydney) at AU$6.42

Relative Forex

Long Entry for NZDUSD (FX) at 0.6690
Long Entry for ZARUSD (FX) at 0.1260

Relative UK

Long Unacted Entry for ACHL (London) at 44p (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.

Relative US Dividend

Long Confirmation Entry for ABT (NYSE) at $47.13

Tri-Indicator Aussie

Long Unacted Entry for OSH (Sydney) at AU$5.41 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.

Tri-Indicator Forex

Long Entry for GBPUSD (FX) at 1.4390

Tri-Indicator Indian

Long Exit at Stop for HALC (Mumbai) at INR148.1

UK Golden Brown

Long Confirmation Entry for TBK (London) at 506p
Long Exit at Trailing Stop for CARL (London) at 90p
Long Exit at Trailing Stop for LTC (London) at 639p

UK High Winners

Long Confirmation Entry for FDSA (London) at 1344p
Long Entry for WOR (London) at 93p
Long Unacted Entry for TBK (London) at 506p (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.

US Strength

Long Entry for GOOG (Nasdaq) at $481.7

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