Tuesday, June 15, 2010

FTSE 250 (MIDD) Attempts Break of 980 Resistance

A strong early gap to 990 had the makings of a trading range break dating back to mid-May, but weakness from the open is putting this break under threat. A close in or around 975 would suggest a potential 'bull trap' and possibly worse to come - starting with a run back to trading range support around 915. But there is still plenty of time for the market to make its move.

Zignals Chart Image

On the strategy front it was busy day for short stop exits and updated long target and stop prices for existing long positions. Signals covered trading strategies based on stocks from UK, US, Canada, Frankfurt, Ireland and India. The latest trading strategy signals for the 58 strategies available on (what could be your) home page are available below.

BSE Zignals

Long Entry for HPCL (Mumbai) at INR348.7
New Long Target and Stop for SBI (Mumbai) at INR2356.5 (EoD): Target INR2601.5, Stop INR2128.5

BSE Zignals 1 mil Rupee

Long Confirmation Entry for HTECH (Mumbai) at INR372.7

Developing a Strategy

Long Unacted Entry for F (NYSE) at $11.50 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.

Frankfurt High Winners

Long Confirmation Entry for AFX (Frankfurt) at €11.41
Long Unacted Entry for DEZ (Frankfurt) at €4.37 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.
New Long Target and Stop for MLP (Frankfurt) at €7.46 (EoD): Target €8.21, Stop €7.09
Long Entry for SZG (Frankfurt) at €50.09
Long Entry for HOT (Frankfurt) at €53.01
Long Confirmation Entry for KRN (Frankfurt) at €40.23
New Long Target and Stop for LXS (Frankfurt) at €36.92 (EoD): Target €40.87, Stop €35.29
Long Confirmation Entry for MRK (Frankfurt) at €60.22
Long Entry for RHM (Frankfurt) at €44.69
Long Entry for TKA (Frankfurt) at €21.31
Long Entry for VOSF (Frankfurt) at €71.71

India Oak

Short Exit at Stop for BAJAU (Mumbai) at INR2309.6
Short Exit at Stop for RNRL (Mumbai) at INR55.57
Short Exit at Stop for BSES (Mumbai) at INR1149.4

Indian Golden Brown

Long Entry for HPCL (Mumbai) at INR348.7

Indian High Winners

New Long Target and Stop for RNRL (Mumbai) at INR57.87 (EoD): Target INR68.15, Stop INR58.85
Long Unacted Entry for HPCL (Mumbai) at INR348.7 (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.

Indian Strength

Long Entry for PGRID (Mumbai) at INR102.2
Long Confirmation Entry for HPCL (Mumbai) at INR348.7
New Long Target and Stop for RNRL (Mumbai) at INR57.09 (EoD): Target INR68.15, Stop INR56.99

Irish Oak

New Short Target and Stop for KRX (ISEQ) at €6.00 (EoD): Target €5.31, Stop €6.49

Mumbai Elm

New Long Target and Stop for BAJAU (Mumbai) at INR2306.9 (EoD): Target INR2539.9, Stop INR2078.1

Relative Canada

Long Entry for FFN (Toronto) at $5.96
Long Confirmation Entry for CHL.UN (Toronto) at $12.17
Long Confirmation Entry for CVL (Vent-TSX) at $11.79

Relative UK

New Long Target and Stop for CARL (London) at 101p (EoD): Target 112p, Stop 92p

Relative US Dividend

Long Exit at Stop for BP (NYSE) at $30.65

Short Trender

Short Exit at Trailing Stop for CAT (NYSE) at $61.50
Short Exit at Stop for SBUX (Nasdaq) at $27.74

Tri-indicator Canada

Long Entry for FFN (Toronto) at $5.96

Tri-Indicator Frankfurt

Long Entry for EOAN (Frankfurt) at €23.85

Tri-Indicator Irish

Long Entry for AIB (ISEQ) at €0.95

Tri-Indicator UK

New Long Target and Stop for CARL (London) at 100p (EoD): Target 112p, Stop 92p

UK High Winners

Long Entry for VEN (London) at 84p
New Long Target and Stop for MCRO (London) at 529p (EoD): Target 586p, Stop 506p
New Long Target and Stop for CARL (London) at 100p (EoD): Target 112p, Stop 97p
Long Entry for CCAP (London) at 15p
New Long Target and Stop for NSR (London) at 58p (EoD): Target 66p, Stop 57p

US High Winners

Long Confirmation Entry for F (NYSE) at $11.50

US Oak

Short Exit at Stop for SBUX (Nasdaq) at $27.68

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Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock list watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com. JOIN US TODAY - IT'S FREE!

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