Wednesday, October 6, 2010

FTSE 250 (MIDD) Breaks 1,050

The FTSE 250 (MIDD) cleared what had been a scrappy, mildly bullish trading range, to power past 1,050 and even stage some follow through. The index even broke past April's reaction (closing) high to give bulls a little fresh air to breathe. A measured move to 1,240 derived from the April-October base is one potential target. But first, any potential for a bull trap must be negated which means holding above 1,062-1,064.

Zignals Chart Image

There were five exits in my trading strategies after yesterday's close. The trading strategy, Tri-Indicator US Dividends, exited its Verizon Communications with a 24.8% return - the best of the five exits. Short strategy Irish Oak, saw a trailing stop hit for Kingspan Group, closing the position for a 15.8% profit. US strategy, Short Trender, also saw a trailing stop hit, this time for for Citigroup as it exited for a small 2.6% loss. There were straightforward stop exits for RWE AG from strategy Frankfurt High Winners, and Reliance National for Indian strategy Reliance National, each closing for an 8.2 and 10.2% loss respectively. If you are interested in finding a strategy, the MarketPlace offers over 300 strategies covering global markets, Forex, precious metal and energy commodities.

There were 30 new entries for my 60 strategies; subscribe to a trading strategy and find your next trade today.

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, 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 JOIN US TODAY - IT'S FREE!

blog comments powered by Disqus