Wednesday, July 7, 2010

FTSE 250 (MIDD) Successfully Defends Tuesday's Lows - So Far!

As I mentioned yesterday, a test of Tuesday's FTSE 250 (MIDD) lows was likely as traders tested the resolve of buyers versus shorts forced to cover following the close of last week's 926 breakdown gap. Longs will likely have their current stops below 926 and if 920 was to break it could be a swift move down to 885.

As for upside, there is a June 25th gap at 952 which is drawing prices. But I suspect today will finish with an inside day with bulls hoping for a close in the upper 930s.

It was one of the busiest days for my trading strategies; a large number of fresh long signals were generated and their success will be dependent on how global markets can develop rallies of substance. So far, things are looking brighter in the U.K. than the U.S.

ASX Elm

Long Entry for LEI (Sydney) at AU$27.97

ASX Price x 20-day MA

Long Confirmation Entry for JBH (Sydney) at AU$18.71
Long Exit at Trailing Stop for COH (Sydney) at AU$71.33
Long Confirmation Entry for OSH (Sydney) at AU$5.48
Long Confirmation Entry for STO (Sydney) at AU$12.28

Frankfurt High Winners

Long Entry for DEZ (Frankfurt) at €4.15
Long Unacted Entry for LHA (Frankfurt) at €11.26 (EoD): Entry signal given, but exited position on same stock too recently (11) days ago.
Long Confirmation Entry for SZU (Frankfurt) at €14.75
Long Confirmation Entry for AFX (Frankfurt) at €11.28
Long Entry for DPW (Frankfurt) at €12.24
Long Confirmation Entry for MAN (Frankfurt) at €67.43
Long Entry for LEO (Frankfurt) at €17.08
Long Unacted Entry for LXS (Frankfurt) at €34.77 (EoD): Entry signal given, but exited position on same stock too recently (11) days ago.
Long Entry for DB1 (Frankfurt) at €50.65
Long Confirmation Entry for MUV2 (Frankfurt) at €103.0 (EoD)

India Oak

Short Exit at Stop for ASOK (Mumbai) at INR67.39
Short Entry for ACC (Mumbai) at INR852.3
Short Exit at Trailing Stop for VSNL (Mumbai) at INR268.9

Indian Golden Brown

Long Confirmation Entry for ZEE (Mumbai) at INR295.2

Indian High Winners

Long Confirmation Entry for JLVY (Mumbai) at INR1025.0
Long Confirmation Entry for ZEE (Mumbai) at INR295.2
Long Confirmation Entry for NTML (Mumbai) at INR264.2

Indian Strength

Long Entry for NTML (Mumbai) at INR264.2
Long Confirmation Entry for CRGR (Mumbai) at INR253.5
Long Entry for BHEL (Mumbai) at INR2363.7
Long Entry for CAIRN (Mumbai) at INR295.5
Long Exit at Trailing Stop for HDIL (Mumbai) at INR236.6

Mumbai Elm

Long Entry for ABAN (Mumbai) at INR802.6

My First Subscribed Strategy

Long Confirmation Entry for IBM (NYSE) at $123.8
Long Unacted Entry for CSCO (Nasdaq) at $21.46 (EoD): Entry signal given, but exited position on same stock too recently (14) days ago.
Long Unacted Entry for JPM (NYSE) at $36.76 (EoD): Entry signal given, but exited position on same stock too recently (14) days ago.
Long Entry for CAT (NYSE) at $60.72
Long Confirmation Entry for INTC (Nasdaq) at $19.59
Long Confirmation Entry for AAPL (Nasdaq) at $251.5
Long Confirmation Entry for DIS (NYSE) at $31.83
Long Confirmation Entry for HPQ (NYSE) at $43.46

Relative Aussie

Long Entry for BXB (Sydney) at AU$5.46
Long Exit at Stop for QBE (Sydney) at AU$17.22

Relative Canada

Long Unacted Entry for PEY.UN (Toronto) at $14.49 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.
Long Confirmation Entry for CVL (Vent-TSX) at $10.62
Long Entry for VET.UN (Toronto) at $33.04
Long Confirmation Entry for NAE.UN (Toronto) at $10.54
Long Confirmation Entry for IDX.UN (Toronto) at $10.07
Long Confirmation Entry for NWF.UN (Toronto) at $18.79
Long Confirmation Entry for WTE.UN (Toronto) at $16.93
Long Confirmation Entry for DFN (Toronto) at $10.92
Long Confirmation Entry for EIT.UN (Toronto) at $12.66
Long Confirmation Entry for VIP.UN (Toronto) at $8.39
Long Confirmation Entry for YP.UN (Toronto) at $6.12
Long Confirmation Entry for DHF.UN (Toronto) at $16.38
Long Entry for ARF.UN (Toronto) at $18.83

Relative India

New Long Target and Stop for VSNL (Mumbai) at INR268.5 (EoD): Target INR296.8, Stop INR242.8

Relative UK

Long Exit at Trailing Stop for POLR (London) at 90p

Tri-indicator Canada

Long Entry for DHF.UN (Toronto) at $16.38
Long Confirmation Entry for PEY.UN (Toronto) at $14.49

Tri-Indicator Frankfurt

Long Confirmation Entry for EOAN (Frankfurt) at €22.19
Long Entry for HOT (Frankfurt) at €48.15
Frankfurt Long Entry for VOSF (Frankfurt) at €68.24

Tri-Indicator Irish

Long Confirmation Entry for CRG (ISEQ) at €16.88

Tri-Indicator UK

Long Exit at Trailing Stop for POLR (London) at 90p

Tri-Indicator US

Long Entry for MSFT (Nasdaq) at $23.75

UK Golden Brown

New Long Target and Stop for SSP (London) at 62p (EoD): Target 69p, Stop 57p
Long Confirmation Entry for TFW (London) at 586p

UK High Winners

Long Confirmation Entry for TFW (London) at 586p
Long Unacted Entry for CCAP (London) at 15p (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.
New Long Target and Stop for SSP (London) at 62p (EoD): Target 66p, Stop 60p

UK Tempest

Long Entry for BP. (London) at 343p
Long Confirmation Entry for LLOY (London) at 55p
Long Confirmation Entry for BATS (London) at 2126p

US High Winners

Long Exit at Stop for SBUX (Nasdaq) at $23.44

US Strength

Long Entry for CAT (NYSE) at $60.72
Long Confirmation Entry for INTC (Nasdaq) at $19.59
Long Unacted Entry for AAPL (Nasdaq) at $251.5 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
Long Entry for DIS (NYSE) at $31.83
Long Unacted Entry for HPQ (NYSE) at $43.46 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.
Long Confirmation Entry for CSCO (Nasdaq) at $21.46
Long Confirmation Entry for JPM (NYSE) at $36.76
Long Confirmation Entry for IBM (NYSE) at $123.8

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