Friday, June 4, 2010

FTSE 250 (MIDD) Stalling at Bollinger Mid-Line

With the rally tiring a little at the Bollinger mid-band (aka 20-day MA) with stochastics overbought the chances for another big push higher have dimmed somewhat. However, the initial bearish target for the Right-Hand-Shoulder is still some 25 points away which keeps the short-term trend higher, even if a modest pullback is required before it gets there.

U.S. Jobs data will influence afternoon trading so the quiet action of this morning is of no surprise. If downside is to emerge watch for support at 950.

Zignals Chart Image

Yesterday was a busy day for the 58 trading strategies. Australian, Frankfurt, UK and US strategies generated the bulk of the trades.

ASX Price x 20-day MA

Long Confirmation Entry for CCL (Sydney) at AU$11.11
Long Confirmation Entry for STO (Sydney) at AU$12.53
Long Confirmation Entry for ERA (Sydney) at AU$14.10
Long Entry for CPU (Sydney) at AU$11.09
Long Unacted Entry for OSH (Sydney) at AU$5.59 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.
Long Unacted Entry for AMP (Sydney) at AU$5.67 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Unacted Entry for ORG (Sydney) at AU$15.11 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Unacted Entry for TAH (Sydney) at AU$6.61 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.

BSE Zignals

New Long Target and Stop for BOB (Mumbai) at INR746.1 (EoD): Target INR822.8, Stop INR673.2
Long Confirmation Entry for ZEE (Mumbai) at INR280.6

BSE Zignals 1 mil Rupee

Long Confirmation Entry for HDFC (Mumbai) at INR2748.7
Long Confirmation Entry for HTECH (Mumbai) at INR375.6

Commodity Elm

Long Entry for Brent (Commodities) at $72.41

Developing a Strategy

Long Entry for KO (NYSE) at $52.78
Long Confirmation Entry for IP (NYSE) at $23.14
Long Entry for HPQ (NYSE) at $47.55
Long Confirmation Entry for C (NYSE) at $3.97

Forex High Winners

Long Confirmation Entry for CADUSD (FX) at 0.9510
Long Confirmation Entry for ZARUSD (FX) at 0.1300

Frankfurt High Winners

Long Confirmation Entry for IDS (Frankfurt) at €15.98
Long Confirmation Entry for MRK (Frankfurt) at €60.02
Long Confirmation Entry for SAZ (Frankfurt) at €30.26
Long Entry for BAS (Frankfurt) at €43.94
Long Entry for EOAN (Frankfurt) at €25.10
Long Entry for GBF (Frankfurt) at €45.59
Long Entry for LXS (Frankfurt) at €33.57
Long Entry for MEOF (Frankfurt) at €43.14
Long Entry for PUM (Frankfurt) at €239.5
Long Entry for RWE (Frankfurt) at €58.97
Long Unacted Entry for WCH (Frankfurt) at €105.7 (EoD): Entry signal given, but exited position on same stock too recently (8) days ago.
Long Unacted Entry for DEZ (Frankfurt) at €4.39 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Unacted Entry for PFV (Frankfurt) at €58.12 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

India Oak

Short Exit at Stop for BOB (Mumbai) at INR748.2

Indian High Winners

Long Confirmation Entry for BHEL (Mumbai) at INR2331.0
Long Entry for TELCO (Mumbai) at INR759.3
Long Entry for ZEE (Mumbai) at INR280.6
Long Unacted Entry for ASOK (Mumbai) at INR61.62 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Unacted Entry for UNBK (Mumbai) at INR293.6 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Unacted Entry for PGRID (Mumbai) at INR102.3 (EoD): Entry signal given, but exited position on same stock too recently (10) days ago.

Relative Aussie

Long Entry for QBE (Sydney) at AU$19.17

Relative Canada

Long Unacted Entry for VIC.UN (Toronto) at $14.20 (EoD): Entry signal given, but exited position on same stock too recently (8) days ago.

Relative UK

Long Entry for LIO (London) at 91p

Relative US Dividend

Long Unacted Entry for BP (NYSE) at $39.00 (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.

UK Golden Brown

Long Entry for CCT (London) at 139p
Long Entry for FDSA (London) at 1307p (EoD) on 03 Jun 10

UK High Winners

Long Confirmation Entry for FDSA (London) at 1307p (EoD) on 03 Jun 10
Long Entry for CARL (London) at 91p (EoD) on 03 Jun 10
Long Entry for CCT (London) at 139p (EoD) on 03 Jun 10
Long Exit at Trailing Stop for SFR (London) at 237p (EoD) on 03 Jun 10
Long Exit at Stop for NARS (London) at 81p (EoD) on 03 Jun 10

US High Winners

Long Confirmation Entry for C (NYSE) at $3.97
Long Confirmation Entry for IP (NYSE) at $23.14
Long Entry for HPQ (NYSE) at $47.55
Long Confirmation Entry for KO (NYSE) at $52.78

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