Sunday, 3 October 2010

Markets giving mixed Signals

Australia & Japan gave a SELL signal on 30th Sep, but China gave a BUY signal the following day. I use a break and close below the Daily 10ema and confirmation the next day to indicate a Buy or SELL.

FTSE (5700) , HSI (22500) , S&P500 (1160) and Gold ($1325) are all within 1-2% of the respective targets. I'm looking for the Markets to peak on Tuesday 5th October at 5700, with Shorts placed at target prices and Stops 2.5% above.  e.g.

FTSE Sell 5700, Stop 5842
S&P500 Sell 1160, Stop 1189
GOLD Sell $1325 Stop $1358

Market Date Trade PriceStop Target10ema
ASX30Sep SELL 4625 4700 4400 4615
SSEC01Oct BUY 2625 2625 3000 2623
HSI02Sep BUY 20800 21350 2250022090
N22530Sep SELL 9500 9600 8700 9455
FTSE31Aug BUY 5155 5416 5700 5562
Gold10Aug BUY $1200 $1253 $1325 $1300
S&P50001Sep BUY 1055 1111 1160 1139

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