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.



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.

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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.

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