FTSE 250 (MIDD) Fight for Resistance

The FTSE 250 (MIDD) is mounting a challenge on the first level of resistance at 981 with an additional one nearby at 988. Each case represents a closing price threshold - only when MIDD closes above 988 will there be room for a more concerted push to 1,027. Until then look for narrow trading and significant levels of indecision as bulls and bears fight it out.



In this environment it can be tricky to trade and whipsaw signals can be common. Using the delay-between-trades feature available in our trading strategy builder can protect your strategy from these situations. My trading strategies were dominated by confirmation signals with one of my Frankfurt strategies particularly busy.

BSE Zignals

Long Confirmation Entry for ONGC (Mumbai) at INR1266.3
Long Unacted Entry for GACM (Mumbai) at INR109.7 (EoD): Entry signal given, but exited position on same stock too recently (3) days ago.

ETF Elm

Long Entry for SDS (NYSE) at $33.49

ETF Kauto Star

Long Exit at Trailing Stop for TWM (NYSE) at $21.37

ETFs Oak

Short Unacted Entry for SSO (NYSE) at $36.01 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago.

Forex Bull Trender

Long Confirmation Entry for NZDUSD (FX) at 0.7080
Long Entry for ZARUSD (FX) at 0.1310

Forex High Winners

Long Confirmation Entry for CADUSD (FX) at 0.9500
Long Confirmation Entry for ZARUSD (FX) at 0.1310

Frankfurt High Winners

Long Entry for GWK3 (Frankfurt) at €33.07
Long Entry for LXS (Frankfurt) at €36.51
Long Confirmation Entry for SDF (Frankfurt) at €38.98
Long Confirmation Entry for VOSF (Frankfurt) at €69.67
Long Confirmation Entry for DPW (Frankfurt) at €12.68
Long Confirmation Entry for MAN (Frankfurt) at €70.94
Long Entry for WCH (Frankfurt) at €124.2
Long Confirmation Entry for BOS (Frankfurt) at €27.50
Long Confirmation Entry for LIN (Frankfurt) at €87.07
Long Confirmation Entry for MUV2 (Frankfurt) at €105.1
Long Entry for PFV (Frankfurt) at €59.50
New Long Target and Stop for SY1 (Frankfurt) at €18.75 (EoD): Target €20.87, Stop €18.02
Long Confirmation Entry for ADS (Frankfurt) at €40.18
Long Entry for LHA (Frankfurt) at €11.85
Long Confirmation Entry for SZG (Frankfurt) at €49.44

India Oak

Short Entry for ESRO (Mumbai) at INR136.3

Indian Golden Brown

Long Exit at Trailing Stop for HPCL (Mumbai) at INR430.0
New Long Target and Stop for CRGR (Mumbai) at INR277.7 (EoD): Target INR313.3, Stop INR256.3

Indian High Winners

New Long Target and Stop for JLVY (Mumbai) at INR1161.4 (EoD): Target INR1298.0, Stop INR1121.0
New Long Target and Stop for CRGR (Mumbai) at INR277.7 (EoD): Target INR313.3, Stop INR270.6
Long Confirmation Entry for GRSM (Mumbai) at INR1837.7

Indian Strength

New Long Target and Stop for CRGR (Mumbai) at INR282.4 (EoD): Target INR313.3, Stop INR262.0
Long Confirmation Entry for RNRL (Mumbai) at INR44.59
Long Confirmation Entry for PGRID (Mumbai) at INR100.0
Long Entry for ABAN (Mumbai) at INR844.1
Long Confirmation Entry for NTML (Mumbai) at INR260.5
Long Confirmation Entry for HPCL (Mumbai) at INR430.9
Long Confirmation Entry for GLXO (Mumbai) at INR2031.1

Irish Oak

Short Confirmation Entry for GCC (ISEQ) at €3.29

Mumbai Elm

New Long Target and Stop for HDIL (Mumbai) at INR276.6 (EoD): Target INR305.6, Stop INR250.0

Relative Canada

Long Entry for MLX (Toronto) at $11.37
Long Confirmation Entry for PKI.UN (Toronto) at $10.16

Relative US Dividend

Long Exit at Stop for ABT (NYSE) at $44.95

Short Trender

Short Confirmation Entry for IBM (NYSE) at $126.7
Short Confirmation Entry for DIS (NYSE) at $33.54
Short Entry for DIS (NYSE) at $33.54
Short Unacted Entry for IBM (NYSE) at $126.7 (EoD): Entry signal given, but exited position on same stock too recently (10) days ago.

UK Golden Brown

Long Confirmation Entry for TEP (London) at 351p

UK High Winners

Long Entry for TEP (London) at 351p

UK Tempest

Long Confirmation Entry for BARC (London) at 288p

US Oak

Short Confirmation Entry for IBM (NYSE) at $126.7
Short Confirmation Entry for DIS (NYSE) at $33.54

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!
Read more!

Latest Zignals Trading Strategy Signals

The FTSE 250 has (so far) held up well to Thursday's selling in U.S. markets. But the light trading has left it some distance from a break of either support or resistance.

It was a little buiser on the trading strategy signal front.

BSE Zignals

New Long Target and Stop for GACM (Mumbai) at INR121.0 (EoD): Target INR133.1, Stop INR108.9

ETF Kauto Star

Long Confirmation Entry for SDS (NYSE) at $34.11

ETFs Oak

Short Entry for QLD (NYSE) at $58.50
Short Entry for DDM (NYSE) at $42.47

India Oak

Short Unacted Entry for BOB (Mumbai) at INR705.4 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.
Short Exit at Stop for HROH (Mumbai) at INR2060.2
Short Exit at Trailing Stop for MCDL (Mumbai) at INR1289.6

Indian Golden Brown

New Long Target and Stop for KOTAK (Mumbai) at INR826.7 (EoD): Target INR932.8, Stop INR763.2
New Long Target and Stop for BAJAU (Mumbai) at INR2431.0 (EoD): Target INR2677.4, Stop INR2190.6

Indian High Winners

New Long Target and Stop for KOTAK (Mumbai) at INR824.4 (EoD): Target INR932.8, Stop INR805.6
Long Entry for GRSM (Mumbai) at INR1802.1

Indian Strength

New Long Target and Stop for HROH (Mumbai) at INR2058.9 (EoD): Target INR2266.0, Stop INR1895.2
New Long Target and Stop for KOTAK (Mumbai) at INR809.0 (EoD): Target INR932.8, Stop INR780.2

Irish Oak

Short Confirmation Entry for CRG (ISEQ) at €18.59

Relative Canada

Long Confirmation Entry for FFN (Toronto) at $5.81

Short Trender

Short Unacted Entry for DIS (NYSE) at $34.20 (EoD): Entry signal given, but exited position on same stock too recently (11) days ago.
Short Entry for C (NYSE) at $3.87
Short Confirmation Entry for C (NYSE) at $3.87
Short Confirmation Entry for DIS (NYSE) at $34.20

UK High Winners

Long Entry for ACMG (London) at 195p
Long Exit at Trailing Stop for MCRO (London) at 490p
Long Unacted Entry for CCAP (London) at 14p (EoD): Entry signal given, but exited position on same stock too recently (15) days ago.

US High Winners

Long Exit at Stop for F (NYSE) at $10.67

US Oak

Short Confirmation Entry for C (NYSE) at $3.87
Short Confirmation Entry for DIS (NYSE) at $34.20

US Uber Win

Long Confirmation Entry for AAPL (Nasdaq) at $271.5

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 list 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!
Read more!

Zignals Trading Strategy Signals

The weekend signals were a busy one across all markets. Monday's bright start to the week suggests bulls will keep this momentum up a little longer. In the case of the FTSE 250 ETF (MIDD), the 980 area has been well defended, particularly on days when the market has closed lower. Good reason for optimisim?

So with that, what had my 58 different varieties of Trading Strategies to offer?

Developing a Strategy

Long Entry for JPM (NYSE) at $38.68

Frankfurt High Winners

Long Exit at Trailing Stop for MLP (Frankfurt) at €7.08
Long Confirmation Entry for SAZ (Frankfurt) at €30.36
Long Confirmation Entry for PRAF (Frankfurt) at €6.16

India Oak

Short Entry for ESRO (Mumbai) at INR129.2

Indian High Winners

Long Exit at Trailing Stop for RNRL (Mumbai) at INR64.85

Indian Strength

Long Exit at Trailing Stop for RNRL (Mumbai) at INR62.80

ISEQ Elm

Long Entry for IJG (ISEQ) at €1.13

MA Crossover

Long Entry for IBM (NYSE) at $131.3

Relative Frankfurt

Long Exit at Trailing Stop for MLP (Frankfurt) at €6.75

Tri-Indicator Frankfurt

New Long Target and Stop for SAP (Frankfurt) at €37.54 (EoD): Target €41.49, Stop €33.94

Tri-Indicator Irish

New Long Target and Stop for AIB (ISEQ) at €1.09 (EoD): Target €1.27, Stop €1.04

UK Golden Brown

Long Exit at Trailing Stop for PVCS (London) at 54p
New Long Target and Stop for FDSA (London) at 1437p (EoD): Target 1591p, Stop 1301p
Long Entry for SSP (London) at 48p
New Long Target and Stop for TBK (London) at 551p (EoD): Target 616p, Stop 504p

UK High Winners

Long Entry for SSP (London) at 48p
New Long Target and Stop for FDSA (London) at 1444p (EoD): Target 1591p, Stop 1374p
New Long Target and Stop for TEP (London) at 360p (EoD): Target 397p, Stop 342p
Long Entry for BBAY (London) at 296p
Long Exit at Stop for JD. (London) at 720p
Long Entry for AIP (London) at 327p

US High Winners

Long Entry for JPM (NYSE) at $38.68 (EoD) on 18 Jun 10

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 list 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!
Read more!

FTSE 250 Pushes Higher

While still range bound, the FTSE 250 reacted positively to the formation of a new UK government in addition to some positive economic data from the Eurozone. The FTSE 250 ETF (MIDD) is knocking on the door of 1,015-1,020 resistance as declining resistance marked from April highs looks set to break today, along with the 50-day SMA - both bullish events.

It's still too early to suggest the trading range thesis is done given it has yet to really start but a close above 1,020 would convert all the volume of the past week into net longs (or shorts scrambling to cover).



Should 1,020 break then the first challenge appears at 1,030 which marked the low end of early April congestion. On the positive front, there wasn't a significant level of trading volume during this phase so future supply is likely to be limited.

At the moment, shorts are likely to be the busier of the two groups as MIDD lingers around 1,010, but a late day flourish will leave many nervous and unlikely to want to hold positions overnight. However, 'selling the news' is a cliche because all too often it's proven true.

As for 194 Trading Strategies available in the Zignals MarketPlace it is a quiet signal day (so far today and yesterday's EOD signals), particularly for Indian stocks.

ASX Price x 20-day MA

Long Exit at Trailing Stop for OSH (Sydney) at AU$5.58 (EoD) on 11 May 10

Developing a Strategy

Long Entry for AAPL (Nasdaq) at $252.4

ETF Uber Win

Long Entry for SSO (NYSE) at $37.90
New Long Target and Stop for SSO (NYSE) at $41.69 (EoD): Target $46.15, Stop $39.85

Frankfurt High Winners

Long Unacted Entry for GWK3 (Frankfurt) at €28.56 (EoD): Entry signal given, but exited position on same stock too recently (2) days ago.
Long Unacted Entry for SAZ (Frankfurt) at €29.76 (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.
Long Confirmation Entry for AFX (Frankfurt) at €11.57

India Oak

Short Confirmation Entry for ONGC (Mumbai) at INR1052.1 (EoD)

Irish Oak

Short Entry for DQ5 (ISEQ) at €2.66

Relative Canada

Long Entry for DCI.UN (Toronto) at $15.62
Long Entry for MLX (Toronto) at $12.07
Long Unacted Entry for CHE.UN (Toronto) at $11.63 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.

Relative UK

Long Entry for 888 (London) at 73p (EoD)

UK Golden Brown

New Long Target and Stop for BJU (London) at 182p (EoD): Target 201p, Stop 165p
Long Confirmation Entry for CRW (London) at 411p

UK High Winners

Long Confirmation Entry for CRW (London) at 411p
New Long Target and Stop for BJU (London) at 182p (EoD): Target 192p, Stop 174p
Long Unacted Entry for PVCS (London) at 46p (EoD): Entry signal given, but exited position on same stock too recently (8) days ago.

US High Winners

Long Unacted Entry for AAPL (Nasdaq) at $252.4 (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.

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 list 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!
Read more!

Latest Zignals Trading Strategies Signals

Earnings season continues in what's set to be a mixed day for US markets. Corey of Afraid to Trade has an interesting take on the action of the past couple of days, suggesting - at least from an intraday perspective - the rally has more room to run.

However, current action from the FTSE 250 (MIDD) suggests little more than trading range behaviour for the markets after recovering from earlier steep losses.



This leaves sample trading signals from the 153 trading strategies available on Zignals as the only points of interest for the day.

BSE Zignals 1 mil Rupee

Long Confirmation Entry for GAIL (Mumbai) at INR413.7

Developing a Strategy

Long Confirmation Entry for JPM (NYSE) at $45.86

Frankfurt High Winners

Long Confirmation Entry for MUV2 (Frankfurt) at €121.0
Long Confirmation Entry for DTE (Frankfurt) at €10.02
New Long Target and Stop for MAN (Frankfurt) at €68.32 (EoD): Target €72.50, Stop €65.60
Long Confirmation Entry for MTX (Frankfurt) at €43.29
Long Confirmation Entry for HOT (Frankfurt) at €63.33
Long Confirmation Entry for LXS (Frankfurt) at €33.27
Long Confirmation Entry for VOW (Frankfurt) at €72.55
Long Confirmation Entry for VOSF (Frankfurt) at €77.96
Long Exit at Trailing Stop for HEN3 (Frankfurt) at €38.96 (EoD)

Indian Golden Brown

Long Confirmation Entry for GACM (Mumbai) at INR117.3
Long Confirmation Entry for WRWDT (Mumbai) at INR1570.1
Long Confirmation Entry for PFC (Mumbai) at INR256.6
Long Confirmation Entry for HALC (Mumbai) at INR179.8
Long Confirmation Entry for ASOK (Mumbai) at INR54.41
Long Confirmation Entry for PGRID (Mumbai) at INR107.8
Long Entry for SBI (Mumbai) at INR2049.1
Long Entry for DLFL (Mumbai) at INR316.6

Irish Oak

New Short Target and Stop for FQ3 (ISEQ) at €0.35 (EoD): Target €0.33, Stop €0.41

Relative Canada

Long Confirmation Entry for CHE.UN (Toronto) at $12.20
New Long Target and Stop for GDI.UN (Toronto) at $8.07 (EoD): Target $8.88, Stop $7.26

UK Golden Brown

New Long Target and Stop for MPI (London) at 458p (EoD): Target 504p, Stop 413p
Long Confirmation Entry for NSR (London) at 55p

UK High Winners

New Long Target and Stop for MPI (London) at 458p (EoD): Target 481p, Stop 435p
New Long Target and Stop for MTEC (London) at 247p (EoD): Target 275p, Stop 238p
Long Confirmation Entry for NSR (London) at 55p

US High Winners

Long Entry for JPM (NYSE) at $45.86

Why not start your Zignals Trading Strategy Business with us today?

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 for global markets under the user id: ‘Fallond’, ‘ETFTrader’ and ‘Z_Strategy’ available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace.

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 list 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!

Read more!

Bank of Ireland Chairman steps down: Where next for Irish Banks?

A plan by Bank of Ireland to buy back bonds has seen its share price rise 27 per cent despite reporting a collapse in pretax profits to €7 million and lifting its expected three-year bad debt charge to €6 billion.

The buyback programme also overshadowed an announcement that chairman Richard Burrows would step down at the annual meeting in July.

Irish Times

Shareholders have given this latest news a thumbs-up which has also helped other Irish banking share prices. But where can Bank of Ireland go from here?

Until the start of May, Bank of Ireland had been struggling to challenge €1.00 resistance. The eventual break on May 6th, albeit on very low volume (surprising considering) was the prelude to the advance seen today. Those brave souls who bought at €0.12 as recently as March must be feeling very good about themselves.


In terms of volume, the bulk of the buying occurred in the €0.40-€0.95 range and this should be the zone with the greatest level of support should the current rally run out of steam (an excellent example of resistance turned support).

Going forward the next major congestion level is around the €4.38 and €6.36 zone but there is a resistance level at €2.30 which needs to be tackled first. It will likely be a long journey to get there but as long as Bank of Ireland can stay above €1.00 there is hope.


For Allied Irish Banks it's a different story. Today's news as helped add another 14% to AIB's share price but a larger hurdle remains as to its range bound action between €0.74 and €1.36. Even when this clears it will run into significant supply level at €1.67. Only when the latter breaks (if it breaks) can one start to consider the long term prospects for the bank.


Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website
Read more!

YourCall: Bank of Ireland

The new YourCall feature on our stock charts allows our chartwatchers to give their projections for their favourite stocks. With its launch less than 24 hours old we have already had some activity in the community.

Bank of Ireland's suspension of its dividend and subsequent removal from the Dow Jones STOXX Select Dividend 30 and DJ EURO STOXX Select Dividend 30 Indices contributed to its eight consecutive decline; a decline from 'highs' of €2.38 in early November to Monday's close of €0.83.


My own personal call is looking for a retest of November highs near €2.38 with a stop below Tuesday's intraday low (which may yet go lower) at €0.79. JH has gone for a short term target near Monday's highs at €1.10 with a call made from Monday's close at €0.83; JH called a stop at €0.76. TestUser1 (aka Zignals CTO) made a call during Monday's trading at €1.03 but that position was cooked with today's intraday drop to his stop at €0.82.


Do you have an opinion on Bank of Ireland (or another stock)? Make your call and let us know what you think.

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website
Read more!