The FTSE100 index dropped last Friday tracking declines in other European markets as France was stripped of its Triple A rating by the Standard and Poors rating agency. However France secured a small boost on Monday as Moodys announced it was maintaining its Triple A status and stable outlook for its debt.
The Solas Swing Trading Strategy took advantage of the FTSE100 decline by increasing its activity rate generating 8 new signals as the overall market weakened but failed to sustain any move below the January lows.
VOD.L – New S1 Long Position
FRES.L – New S1 & S3 Long Positions
BRBY.L – New S1 & S3 Long Positions
Company Profile Burberry Group plc, through its subsidiaries, designs, sources, manufactures, and markets luxury clothing and non-apparel accessories for men, women, and children primarily in Europe, the Americas, and the Asia Pacific.
ITRK.L – New S1 Long Position
Company Profile Intertek Group plc provides quality and safety solutions worldwide. It helps customers to assess their products and commodities against various safety, regulatory, quality, and performance standards.
IPR.L – New S4 & S5 Long Positions
Company Profile International Power plc operates as an independent power generation company. The company has approximately 70GW of gross capacity in operation across Latin America, North America, the United Kingdom, the Middle East, Turkey and Africa, Asia, and Australia.
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The Solas Swing Trading Model is an end of day trading strategy which delivers high probability trade signals both long & short within a defined trend across the main indices, equities & etfs.
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