Friday, July 9, 2010

FTSE 250 (MIDD) Gaps Higher But Moves Lower

Is this it for the rally? The FTSE 250 ETF (MIDD) is on its sixth day of gains but is showing the characteristics of a rally which has run its course (for now). The gap from 950 looks a good backfill point for early next week. With the market trading well inside its May-June range we will likely see scrappy action for the rest of the summer.

In this market enviornment trending trading strategies can have a rough time with whipsaw trades. Because of the extended gains there were a number of new long entries across the global spectrum of strategies.

One strategy, Tri-Indicator Indian, reported a profit target exit for Aban Offshore DS for a 22.5% gain. One of our members, Shrishreya, has a trading idea for Aban Offshore for a move to 1,400 (stop listed at 655, called at 752.65).

Zignals Chart Image

ASX Price x 20-day MA

Long Confirmation Entry for WOW (Sydney) at AU$27.03

BSE Zignals

New Long Target and Stop for ASOK (Mumbai) at INR69.14 (EoD): Target INR76.34, Stop INR62.46
Long Confirmation Entry for ONGC (Mumbai) at INR1278.8
Long Confirmation Entry for ZEE (Mumbai) at INR297.6

Developing a Strategy

Long Confirmation Entry for IBM (NYSE) at $127.6
Long Entry for CAT (NYSE) at $63.21
Long Unacted Entry for CSCO (Nasdaq) at $22.72 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.

Forex High Winners

Long Confirmation Entry for ZARUSD (FX) at 0.1310
Long Confirmation Entry for AUDUSD (FX) at 0.8530
Long Confirmation Entry for NZDUSD (FX) at 0.6940

Frankfurt High Winners

Long Confirmation Entry for ALV (Frankfurt) at €82.77
Long Confirmation Entry for KRN (Frankfurt) at €41.33
New Long Target and Stop for LEO (Frankfurt) at €18.79 (EoD): Target €20.97, Stop €18.11
Long Confirmation Entry for TKA (Frankfurt) at €21.42
Long Confirmation Entry for AFX (Frankfurt) at €11.28
Long Confirmation Entry for MEOF (Frankfurt) at €42.69
Long Confirmation Entry for BOS (Frankfurt) at €27.03
Long Confirmation Entry for DB1 (Frankfurt) at €51.90
Long Confirmation Entry for SY1 (Frankfurt) at €17.99

Indian High Winners

Long Confirmation Entry for GLXO (Mumbai) at INR2184.4
Long Confirmation Entry for SBI (Mumbai) at INR2324.6
New Long Target and Stop for ASOK (Mumbai) at INR69.00 (EoD): Target INR76.34, Stop INR65.93
Long Confirmation Entry for ZEE (Mumbai) at INR297.6
Long Confirmation Entry for DLFL (Mumbai) at INR283.6

Irish Oak

Short Exit at Trailing Stop for AIB (ISEQ) at €0.96

Relative Canada

Long Entry for CHE.UN (Toronto) at $11.44
Long Confirmation Entry for DCI.UN (Toronto) at $16.43
Long Confirmation Entry for GDI.UN (Toronto) at $6.46

Relative UK

Long Entry for 888 (London) at 39p
Long Unacted Entry for POLR (London) at 92p (EoD): Entry signal given, but exited position on same stock too recently (14) days ago.

Short Trender

Short Exit at Trailing Stop for C (NYSE) at $3.95
Short Exit at Trailing Stop for CAT (NYSE) at $63.08

Tri-Indicator Aussie

Aussie Long Entry for WOR (Sydney) at AU$21.54

Tri-Indicator ETFs

Long Exit at Trailing Stop for DXD (NYSE) at $28.64

Tri-Indicator Indian

Long Exit at Profit Target for ABAN (Mumbai) at INR850.1

UK Golden Brown

Long Confirmation Entry for BRK (London) at 767p
Long Unacted Entry for TBK (London) at 526p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
Long Entry for CNC (London) at 40p (EoD)
Long Exit at Trailing Stop for LCG (London) at 128p
Long Confirmation Entry for TEP (London) at 343p

UK High Winners

Long Entry for SFR (London) at 214p
Long Entry for CNC (London) at 40p
Long Unacted Entry for TEP (London) at 343p (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Long Entry for BRK (London) at 767p
Long Unacted Entry for MPI (London) at 375p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
Long Confirmation Entry for TBK (London) at 526p

US High Winners

Long Confirmation Entry for IBM (NYSE) at $127.6
Long Unacted Entry for CAT (NYSE) at $63.21 (EoD): Entry signal given, but exited position on same stock too recently (5) days ago.
Long Confirmation Entry for CSCO (Nasdaq) at $22.72

Why not start your Zignals Trading Strategy Business with us today? Learn How to promote your Zignals Trading Business with Twitter.

Follow us on twitter here How to Get Started with Zignals

Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!

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 quote 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!

blog comments powered by Disqus