Monday, July 19, 2010

FTSE 250 (MIDD) Slips Deeper Into Downward Channel

Friday's losses in U.S. Markets had little bearing on the FTSE 250 (ETF:MIDD) other than to maintain the existing downtrend. There looks to be a dodgy price print at 925 (952?) but it's likely the price (measuring) gap created from July 8th has closed and this phase of the rally is destined to push back to 910. Bulls will be looking to the latest reaction high of 990 as a target to break the April-July decline - lowering the bar from the previous 1,025 set in June.

There were still a number of long entries in the global trading strategies available on my home page. Not to mention some new short entries too for IP and SBUX.

ASX Oak

Short Confirmation Entry for WOW (Sydney) at AU$27.11

BSE Zignals

Long Exit at Trailing Stop for GACM (Mumbai) at INR108.7
Long Confirmation Entry for NEST (Mumbai) at INR2970.9
Long Confirmation Entry for KOTAK (Mumbai) at INR769.0

BSE Zignals 1 mil Rupee

Long Confirmation Entry for HTECH (Mumbai) at INR358.7

ETF Kauto Star

Long Unacted Entry for SDS (NYSE) at $33.58 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
New Long Target and Stop for TWM (NYSE) at $22.79 (EoD): Target $25.08, Stop $21.66
Long Unacted Entry for QID (NYSE) at $17.68 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

Forex Bull Trender

Long Confirmation Entry for JPYUSD (FX) at 0.0110

Frankfurt High Winners

Long Exit at Stop for RWE (Frankfurt) at €52.97
Long Entry for SDF (Frankfurt) at €38.58

India Oak

Short Unacted Entry for WRWDT (Mumbai) at INR1351.7 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.
Short Exit at Stop for UNBK (Mumbai) at INR330.7

Indian High Winners

Long Confirmation Entry for GRSM (Mumbai) at INR1828.7
New Long Target and Stop for UNBK (Mumbai) at INR330.7 (EoD): Target INR366.7, Stop INR316.7

Indian Strength

Long Entry for HPCL (Mumbai) at INR445.9
Long Confirmation Entry for GRSM (Mumbai) at INR1828.7
Long Confirmation Entry for ONGC (Mumbai) at INR1242.5
New Long Target and Stop for ZEE (Mumbai) at INR314.0 (EoD): Target INR348.3, Stop INR291.3
Long Confirmation Entry for NTML (Mumbai) at INR265.5

MA Crossover

Long Exit at Stop for C (NYSE) at $3.93

Short Trender

Short Confirmation Entry for SBUX (Nasdaq) at $26.25
Short Entry for IP (NYSE) at $23.49
Short Entry for SBUX (Nasdaq) at $26.25
Short Confirmation Entry for IP (NYSE) at $23.49

Tri-Indicator ETFs

Long Entry for SDS (NYSE) at $33.58

Tri-Indicator UK

Long Exit at Stop for MTEC (London) at 214p
New Long Target and Stop for PAY (London) at 313p (EoD): Target 385p, Stop 315p

UK Golden Brown

Long Confirmation Entry for HSD (London) at 170p
Long Entry for PAY (London) at 309p
New Long Target and Stop for PAY (London) at 339p (EoD): Target 385p, Stop 315p

UK High Winners

Long Unacted Entry for PAY (London) at 309p (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
Long Confirmation Entry for HSD (London) at 170p
Long Exit at Trailing Stop for PVCS (London) at 57p

US Oak

Short Confirmation Entry for IP (NYSE) at $23.49
Short Entry for SBUX (Nasdaq) at $26.25

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