We have just launched with a brand new a href="http://www.zignals.com/main/trading_system/trading_system.aspx"Trading System/a builder which will allow you to create your own trading strategies and follow the trade signals generated via email. You will eventually have the opportunity to earn money selling it in the a href="http://www.zignals.com/main/trading_strategies/market_trading_strategies.aspx"Zignals MarketPlace/a. If you would like to read more about our Trading System builder you can do so a href="http://www.zignals.com/main/trading_system/trading_system_help.aspx"here/a. br /br /But first things first; FREE registration with Zignals followed by a prompt to download Microsoft's Silverlight will give access to the trading strategy builder. For this article I am working through the Zignals a href="http://www.zignals.com/main/dashboard/dashboard.aspx"Dashboard/a which gives full access to all of our services (a href="http://www.zignals.com/main/stock_alerts/stock_alerts.aspx"stock alerts/a, a href="http://www.zignals.com/main/stock_charts/stock_charts.aspx"stock charts/a, a href="http://www.zignals.com/main/stock_screener/stock_screener.aspx"stock screener/a and a href="http://www.zignals.com/main/portfolio_manager/portfolio_manager.aspx"portfolio manager/a) within a single application. The key advantage of using this over the individual applications is the seamless switching between applications. br /br /We shall start with a ...

For the second time in the space of a month the FTSE 250 has cracked below its 20-day moving average. The last time this occurred was early summer; then the index went on to spend a few weeks below this moving average, making a new lower low, before resuming the trend higher. br /br /a href="http://1.bp.blogspot.com/_WWGUfU1tOjI/Subcj5nlA5I/AAAAAAAABCY/YGpZ_jQiADA/s1600-h/Stock+Chart+a16.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;" src="http://1.bp.blogspot.com/_WWGUfU1tOjI/Subcj5nlA5I/AAAAAAAABCY/YGpZ_jQiADA/s320/Stock+Chart+a16.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5397243712770474898" //abr /span class="fullpost"A similar event here should see a test of the 902.50 low -which was both an August reaction high and the early October reaction low - with the potential to drift down to 867 if a more protracted decline kicked in. Intermediate trends in the market tend to run between 3 weeks and 3 months with the current end-of-year a handy time scale for a flat/downward phase. br /br /A more serious decline (one lasting months) would require confirmation of ...

The rude health of the Nasdaq has been evident by the strength from its internals; 74% of constituents are on point-n-figure buy signals, 71% are above their 50-day MA and an incredible 80% are above their 200-day MA. Such conditions can't continue forever so what should one be looking for? br /br /During the depths of despair encountered over the latter part of 2008 the percentage of Nasdaq stocks above their 200-day MA languished below 10% for the best part of 5-months. The percentage of stocks above their 50-day MA enjoyed a brief rally from 10% to 70% before heading lower. While the bullish percents struggled to challenge the 50% mark.br /br /a href="http://1.bp.blogspot.com/_WWGUfU1tOjI/SsM17-vkMuI/AAAAAAAABCI/CRBVt0AoA3o/s1600-h/NASISep30.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 246px; height: 320px;" src="http://1.bp.blogspot.com/_WWGUfU1tOjI/SsM17-vkMuI/AAAAAAAABCI/CRBVt0AoA3o/s320/NASISep30.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5387208883836302050" //abr /br /span class="fullpost"If one was to flip this scenario on its head and apply it to the courent situation. the likely view going ...

Where has the year gone? Looking at the two market dates you would think very little happened over the intervening period, except for the almost 50% drop, 100% rally the market has endured this past year. So what has gone and what might we expect to come? br /br /Last a href="http://zignalsblog.blogspot.com/2008/06/s-moving-average-behavior.html"June/a I took a look at the SP and studied the relationships between the 20-day, 50-day and 200-day MAs and the index. In June I concluded:br /br /blockquoteThe take home lesson is for the next month or two further downside is not just likely but probable; only in 2003 did a rally develop soon after the match. For the other five of the six matches the SP lost between 7% and 30% of its value before it finally turned around.br /br /From a buyers perspective there is little incentive to be long SP futures or stocks until a firm ...

With all the focus on NAMA, the rally in the a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxOTM4?end"Irish Stock Market/a has largely gone un-noticed. br /br /Its first inkling of a reversal was in February 2009 when the 35-,40-,45-, and 50-day weighted moving average ribbon tightened in response to a slowing intermediate trend. It was mid-April when the faster 5-, 10-, 15- and 20-day WMA ribbon cut through the slower ribbon on its way higher - kicking off a new bull rally. July saw a bear trap as the faster WMA ribbon cut through the flat-lined slower ribbon, only for the market to rally and re-instate the rally by the start of August.br /br /a href="http://3.bp.blogspot.com/_WWGUfU1tOjI/SrDa2pamb6I/AAAAAAAABAo/8K1tVIHLbLQ/s1600-h/Stock+Chart+ISEQ+Sep+15.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;" src="http://3.bp.blogspot.com/_WWGUfU1tOjI/SrDa2pamb6I/AAAAAAAABAo/8K1tVIHLbLQ/s320/Stock+Chart+ISEQ+Sep+15.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5382042187072958370" //abr /span class="fullpost"However, even in the context of six month rally there is no inclination the rate of advance is set to slow. Channel resistance won't become an ...

A post from a href="http://www.thestockadvisors.com/content/view/4067/33/"TheStockAdvisors/a last Friday suggested seven stocks which have paying dividends for over 100 years, raised their dividend on an annual basis for the last 25 years and can be directly purchased. Given their potential for accumulative returns how have the stocks performed from a price perspective? Quotes directly from the articlebr /br /[1] a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxODYz?end"Coca-Cola (KO)/abr /br /blockquote...its strong overseas business should get a lift from the weak dollar and presence in emerging markets. The yield of well over 3% enhances total-return appeal. /blockquotebr /a href="http://1.bp.blogspot.com/_WWGUfU1tOjI/SqfPONQ7pmI/AAAAAAAAA_w/OxebMXGEOuc/s1600-h/Stock+Chart+a15.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;" src="http://1.bp.blogspot.com/_WWGUfU1tOjI/SqfPONQ7pmI/AAAAAAAAA_w/OxebMXGEOuc/s320/Stock+Chart+a15.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5379496122903144034" //abr /span class="fullpost"[2] a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxODY0?end"Colgate-Palmolive (CL)/abr /br /blockquote...takes a back seat to no company when it comes to consistency and growth of its dividend. The firm has been paying a dividend since 1895, with the dividend increased annually for the last 46 years. /blockquotebr /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/SqfRFeg7NpI/AAAAAAAAA_4/SNAEzK4B4Xc/s1600-h/Stock+Chart+CL.png"img style="display:block; margin:0px ...

Babak of a href="http://www.tradersnarrative.com/gold-seasonality-turns-positive-2909.html"Trader's Narrative/a opens his latest post as follows:br /br /blockquoteWhile we’re on the subject of seasonality and how September is the albatross around the stock market’s neck these days, I’d be remiss to not point out that what has been historically negative for equities has been a boon for gold and gold stocks./blockquotebr /span class="fullpost"he followsbr /br /blockquote...you’ll notice that during this current super-bull market for gold (which started in 2000) seasonality has shifted slightly. For these most current years (red line) there are really two big waves of positive seasonality for gold and gold stocks. The first is about to start while the second comes after a correction in October and lasts from mid-October to February of the following year./blockquotebr /Gold is currently in the process of forming a a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxODA1?end"symmetrical triangle/a. An upward break from the triangle will have a minimum target move of $12 ...

Brett Steenbarger discussed a bearish a href="http://traderfeed.blogspot.com/2009/08/why-im-nervous-bull-non-confirmations.html"non-confirmation/a for the new high in the a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxNzMx?end"SP (SPY) with respect to emerging markets (EEM)/a.br /br /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/SpUT_pHc19I/AAAAAAAAA_A/xKo_EtGMA8A/s1600-h/Stock+chart+Aug25.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;" src="http://2.bp.blogspot.com/_WWGUfU1tOjI/SpUT_pHc19I/AAAAAAAAA_A/xKo_EtGMA8A/s320/Stock+chart+Aug25.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5374223714426345426" //abr /span class="fullpost"Another tick in the nervous bull column is the non-confirmation between the a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxNzMy?end"transports (IYT) and the Dow (DIA)/a. br /br /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/SpUWsWv5EeI/AAAAAAAAA_I/_GzImjspvck/s1600-h/Stock+chart+Aug+25+b.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 177px;" src="http://2.bp.blogspot.com/_WWGUfU1tOjI/SpUWsWv5EeI/AAAAAAAAA_I/_GzImjspvck/s320/Stock+chart+Aug+25+b.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5374226681613062626" //abr /Volume patterns between the transports and the Dow are also different; the Dow (a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxNzM0?end"DIA/a) has shown respectable volume on its new high, while the transports (a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxNzMz?end"IYT/a) have traded insipid volume since breaking $65 at the start of August.br /br /a href="http://4.bp.blogspot.com/_WWGUfU1tOjI/SpUqLn8aNII/AAAAAAAAA_Q/lqHPqJhYoTU/s1600-h/DIAAug25.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 192px;" src="http://4.bp.blogspot.com/_WWGUfU1tOjI/SpUqLn8aNII/AAAAAAAAA_Q/lqHPqJhYoTU/s320/DIAAug25.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5374248109525841026" //abr /a href="http://1.bp.blogspot.com/_WWGUfU1tOjI/SpUqi9yypwI/AAAAAAAAA_Y/7zNdfzMWiJk/s1600-h/IYTAug25.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 192px;" src="http://1.bp.blogspot.com/_WWGUfU1tOjI/SpUqi9yypwI/AAAAAAAAA_Y/7zNdfzMWiJk/s320/IYTAug25.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5374248510528071426" //abr /Buyer beware.br /br /Follow ...

After yesterday's scramble to the exits we are seeing buyers stepping in to pick up some of the pieces. Buyers have quite a bit of room to maneuver but it's going to be tricky to get anywhere close to Friday's close. br /br /a href="http://4.bp.blogspot.com/_WWGUfU1tOjI/SorUlh0RLbI/AAAAAAAAA-4/7id_30Z72wo/s1600-h/SPYAug18.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 176px;" src="http://4.bp.blogspot.com/_WWGUfU1tOjI/SorUlh0RLbI/AAAAAAAAA-4/7id_30Z72wo/s320/SPYAug18.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5371339246790585778" //abr /span class="fullpost"The first point of contention will be the a href="http://www.zignals.com/main/quicknav/MenuCharts.aspx?param=VlcxNjU3?end"$99.50 level/a which acted as support for the first half of August.br /br /After that buyers will be taking shares off panicked holders, particularly those who bought late through the July-August rally. But if the SPY can't close the day above $99.50 it will hand initiative back to the sellers. br /br /span style="font-size:80%; color:#cccccc;"Dr. Declan Fallon, Senior Market Technician, a href="http://www.zignals.com"Zignals.com/a the free stock alerts, market alerts, and stock charts website /span/spandiv class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3415040392614486358-3716629378847287981?l=zignalsblog.blogspot.com'//div

Robert Prechter of a href="http://www.elliottwave.com/"Elliot Wave International/a has gone bearish, bringing to an end his bullish February/March rally call. In the video he talks about a break of March lows - no chump change, so is this likely?br /br /div align="center"object width="292" height="219"embed height="219" width="292" allowscriptaccess="always" src="http://cosmos.bcst.yahoo.com/up/fop/embedflv/swf/fop_wrapper.swf?id=15000312autoStart=0prepanelEnable=1infopanelEnable=1carouselEnable=0" type="application/x-shockwave-flash"/embed/object/divbr /span class="fullpost"The core thesis is based on how Elliot Wave Theory (EWT) applies to the current cyclical bear market. br /br /In EWT, trends move in five phases (waves) and counter-trends in three. According to Anthony Caldaro of a href="http://Objectiveelliottave.com"Objectiveelliottave.com/a the last 25+ years have seen a five wave bull trend which has been followed by a two wave of three bear counter-trend. Assuming the second wave of the counter-trend has completed all that is left is the inevitable third wave of the counter-trend; this is what Bob Prechter is looking at as the way forward. br /br /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/SoK4M-3GziI/AAAAAAAAA-o/5anob3qX5KY/s1600-h/CaldaroAug12.png"img style="display:block; margin:0px ...