The market is awaiting a catalyst to set a trend in motion; have bulls enough of a pullback to suggest there is value in the market, or are bears simply waiting for a confirmation break of 900 before getting aggressive on the short side?
The battle lines are drawn.
On the trading signals front, it was a mixed bag with a range of new short and long side trades dominated by US and UK strategies of the 58 trading strategies available.
Developing a Strategy
Long Exit at Stop for F (NYSE) at $10.90
Long Confirmation Entry for T (NYSE) at $24.46
ETF Kauto Star
New Long Target and Stop for DXD (NYSE) at $31.23 (EoD): Target $34.51, Stop $29.80
Irish Oak
Short Entry for DCC (ISEQ) at €19.04
New Short Target and Stop for FQ3 (ISEQ) at €0.32 (EoD): Target €0.31, Stop €0.37
Short Confirmation Entry for KRZ (ISEQ) at €23.35
My First Subscribed Strategy
Long Confirmation Entry for JPM (NYSE) at $36.93
Relative Canada
Long Exit at Stop for ARF.UN (Toronto) at $17.96
Long Exit at Stop for MLX (Toronto) at $10.81
Short Trender
Short Entry for SBUX (Nasdaq) at $25.63
New Short Target and Stop for DIS (NYSE) at $32.42 (EoD): Target $27.55, Stop $35.00
Short Unacted Entry for SBUX (Nasdaq) at $25.63 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
UK Golden Brown
Long Confirmation Entry for CRW (London) at 416p
UK High Winners
Long Unacted Entry for CCAP (London) at 14p (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.
Long Confirmation Entry for TBK (London) at 504p
Long Unacted Entry for CRW (London) at 416p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
US High Winners
Long Confirmation Entry for T (NYSE) at $24.46
US Oak
Short Confirmation Entry for SBUX (Nasdaq) at $25.63
US Strength
Long Entry for JPM (NYSE) at $36.93
Long Unacted Entry for CAT (NYSE) at $56.12 (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
Long Entry for C (NYSE) at $3.70
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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.
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