Home | Trading Jobs | Charts | Advertise from $25 | Contact me | Facebook | Free Stock Picks

It has been a while since I offered my stock pick newsletter, but I have now gone one better with my latest mechanical Trading System

  • 41% Return Since November 2007
  • 47% Win Percentage (Nov 07)
  • Max drawdown of 9% (Nov 07)
  • Blend of Ultra Long & Short Index ETFs
  • Trade Signals delivered by Email (EoD)
  • Free registration to Zignals required
  • $0.00 per month
  • You will find this strategy in the Top 20 Trading Strategies Leaderboard in the Zignals Dashboard
  • The strategy is called "ETF Heaven - Medium" and was created by user "Z_Strategy"
  • Other strategies can be found by searching for component stocks in our MarketPlace or by searching for a user; 'Z_Strategy' or 'fallond'
  • I'll be posting new of other strategies for other markets as they become available. In particular, FX, Commodities, European and Indian Trading Systems

    Design your own Trading Systems and earn real money and reputation!

    Zignals Stock Alerts offer price, volume and fundamental alerts. Fundamental alerts include analyst projections, upgrades and downgrades delivered to your email address or SMS phone

    New tag and note features allow you to manage large number of alerts and send a personalised message as part of the alert trigger

    Alerts also support the new Fundamental System created stocklists. Now you can combine a dynamic stock list created by the fundamental stock screener with a price and/or volume stock alert; for example - find when a dividend yielding stock of 5% or more has a bullish cross of a 50-day and 200-day MA.

    Create your own free Stock Charts. Add technical and price overlays, save your charts or post them to Twitter.

    Create your own profiles of indicators, add annotations or offer a Trading Idea and make real money.

    Create your own stock screen for US, Canadian (soon), UK, India, NYSE Euronext, Frankfurt, Dublin or Australian stocks.

    Activate your stock screen by creating a Fundamental System. Fundamental Systems are a fund type which notify you at the end of each day of the changes in the stocks meeting the criteria of your scan.

    The dynamic stock lists created by the Fundamental System can be used as the basis of your stock alerts

    Zignals offers the only multi-currency portfolio manager on the web with Euro, Dollar and Sterling Support.

    Get detailed analytics on the performance of your portfolio, including FX impacts to position profit and loss, and use it as a basis to improve your trading

    Supports Forex, energy and precious metal commodity based portfolios too.

    Powerful new Trading System builder with rich technical tools. Create your own trading system around any one of our global stock exchanges, forex data, or energy and precious metal commodities.

    To receive the trade signals, publish it to our marketplace and in addition you will have the potential to earn money from subscribers.

    Extensive backtest, risk management and exit strategy tools built-in.

    newsflashr network

    Thursday, October 16, 2008

    Volatility double top forming

    Yesterday was the action we needed to complete a double top in the VIX. Confirmation won't come until the 'neckline' is breached, but when this happens it will likely coincide with the start of the "Santa rally". One such indicator of a market bottom from the VIX was in the ZigZag peak:

    Bill's VIX:VXV ratio is "off the charts"; note the bearish divergence in supporting stochastics:

    I have drawn in two necklines for VIX double top confirmation. If I was to make a guesstimate on what will happen I expect a gap up in the market (gap down in the VIX) which is faded during the first part of the day. This fade pushes the VIX towards 72-75. Late afternoon buying brings the indices back to yesterday's close and creates a second spike high in the VIX. On Friday it will be the reverse situation, market will gap lower / VIX will gap higher. Markets will rally in strength all Friday / VIX will fall producing a bearish cover candlestick to complete the second peak of its double top. From there it will be modest market gains on a declining VIX until it breaks 47 when a completed bottom is in place.

    Now all that is needed is for the markets to follow this precise plan - should be a piece of cake in this calm environment!

    Sidenote: Nasdaq NewLows has far surpassed the January lows, but yesterday's selling and lower close to Friday didn't produce a swing back to Friday's highs.

    Other sidenote: TraderMike highlighted yesterday's low volume, which I see as part an exhaustion of sellers, but also a lack of conviction amongst shorts to open new positions.

    Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website
    StumbleUpon Toolbar


    Post a Comment

    << Home