Thursday, July 22, 2010

FTSE 250 (MIDD) Fight for Resistance

The FTSE 250 (MIDD) is mounting a challenge on the first level of resistance at 981 with an additional one nearby at 988. Each case represents a closing price threshold - only when MIDD closes above 988 will there be room for a more concerted push to 1,027. Until then look for narrow trading and significant levels of indecision as bulls and bears fight it out.

Zignals Chart Image

In this environment it can be tricky to trade and whipsaw signals can be common. Using the delay-between-trades feature available in our trading strategy builder can protect your strategy from these situations. My trading strategies were dominated by confirmation signals with one of my Frankfurt strategies particularly busy.

BSE Zignals

Long Confirmation Entry for ONGC (Mumbai) at INR1266.3
Long Unacted Entry for GACM (Mumbai) at INR109.7 (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.

ETF Elm

Long Entry for SDS (NYSE) at $33.49

ETF Kauto Star

Long Exit at Trailing Stop for TWM (NYSE) at $21.37

ETFs Oak

Short Unacted Entry for SSO (NYSE) at $36.01 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

Forex Bull Trender

Long Confirmation Entry for NZDUSD (FX) at 0.7080
Long Entry for ZARUSD (FX) at 0.1310

Forex High Winners

Long Confirmation Entry for CADUSD (FX) at 0.9500
Long Confirmation Entry for ZARUSD (FX) at 0.1310

Frankfurt High Winners

Long Entry for GWK3 (Frankfurt) at €33.07
Long Entry for LXS (Frankfurt) at €36.51
Long Confirmation Entry for SDF (Frankfurt) at €38.98
Long Confirmation Entry for VOSF (Frankfurt) at €69.67
Long Confirmation Entry for DPW (Frankfurt) at €12.68
Long Confirmation Entry for MAN (Frankfurt) at €70.94
Long Entry for WCH (Frankfurt) at €124.2
Long Confirmation Entry for BOS (Frankfurt) at €27.50
Long Confirmation Entry for LIN (Frankfurt) at €87.07
Long Confirmation Entry for MUV2 (Frankfurt) at €105.1
Long Entry for PFV (Frankfurt) at €59.50
New Long Target and Stop for SY1 (Frankfurt) at €18.75 (EoD): Target €20.87, Stop €18.02
Long Confirmation Entry for ADS (Frankfurt) at €40.18
Long Entry for LHA (Frankfurt) at €11.85
Long Confirmation Entry for SZG (Frankfurt) at €49.44

India Oak

Short Entry for ESRO (Mumbai) at INR136.3

Indian Golden Brown

Long Exit at Trailing Stop for HPCL (Mumbai) at INR430.0
New Long Target and Stop for CRGR (Mumbai) at INR277.7 (EoD): Target INR313.3, Stop INR256.3

Indian High Winners

New Long Target and Stop for JLVY (Mumbai) at INR1161.4 (EoD): Target INR1298.0, Stop INR1121.0
New Long Target and Stop for CRGR (Mumbai) at INR277.7 (EoD): Target INR313.3, Stop INR270.6
Long Confirmation Entry for GRSM (Mumbai) at INR1837.7

Indian Strength

New Long Target and Stop for CRGR (Mumbai) at INR282.4 (EoD): Target INR313.3, Stop INR262.0
Long Confirmation Entry for RNRL (Mumbai) at INR44.59
Long Confirmation Entry for PGRID (Mumbai) at INR100.0
Long Entry for ABAN (Mumbai) at INR844.1
Long Confirmation Entry for NTML (Mumbai) at INR260.5
Long Confirmation Entry for HPCL (Mumbai) at INR430.9
Long Confirmation Entry for GLXO (Mumbai) at INR2031.1

Irish Oak

Short Confirmation Entry for GCC (ISEQ) at €3.29

Mumbai Elm

New Long Target and Stop for HDIL (Mumbai) at INR276.6 (EoD): Target INR305.6, Stop INR250.0

Relative Canada

Long Entry for MLX (Toronto) at $11.37
Long Confirmation Entry for PKI.UN (Toronto) at $10.16

Relative US Dividend

Long Exit at Stop for ABT (NYSE) at $44.95

Short Trender

Short Confirmation Entry for IBM (NYSE) at $126.7
Short Confirmation Entry for DIS (NYSE) at $33.54
Short Entry for DIS (NYSE) at $33.54
Short Unacted Entry for IBM (NYSE) at $126.7 (EoD): Entry signal given, but exited position on same stock too recently (10) days ago.

UK Golden Brown

Long Confirmation Entry for TEP (London) at 351p

UK High Winners

Long Entry for TEP (London) at 351p

UK Tempest

Long Confirmation Entry for BARC (London) at 288p

US Oak

Short Confirmation Entry for IBM (NYSE) at $126.7
Short Confirmation Entry for DIS (NYSE) at $33.54

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