We've been busy at the TradeRadar Stock Alert Headquarters this morning. The latest alert lists are now up and available at Alert HQ. We have 243 BUY signals this week for just $2.99
What a difference a week makes! Last week, when I published the first list of TradeRadar alerts, we had SELL signals outnumber BUY signals by two to one. After performing this week's scan on all the stocks and ETFs on the AMEX, NYSE and NASDAQ we see the situation very much reversed.
This week we did things a little differently. Last week we required a moving average crossover of the 20-day and 50-day moving averages. This week, and going forward, we will require that the last closing price be above the 50-day moving average. For each stock on the alert list, however, we now provide an indicator of whether there has been a moving average crossover in confirmation of the TradeRadar signal or not. This new approach catches stocks earlier in their breakouts but filters out small moves that may not be significant. And we still provide the benefit of knowing if that confirming crossover has occurred.
Market overview --
Last week we commented on the large number of municipal bond funds on the BUY list. This week, the centers of attention on Wall Street were the municipal bond insurers. Interesting how things progress.
Last week we had one or two real estate related stocks on the BUY list. This week, real estate is all over the BUY list. We see homebuilders and REITs galore. We also see plenty of financial stocks on the BUY list. The previously downtrodden are now the market leaders.
In a very positive note for the market in general, this week's BUY signals are rather broad-based. We see many different industry sectors represented. There is an airline stock, a good number of small-cap tech stocks, some medical stocks, basic industrial manufacturing stocks and so on.
For those of you who prefer investing in ETFs, this week has a good selection of well over a dozen for you to choose from.
I am excited about the selections on this week's list. And I am equally excited by the idea that such a broad-based set of BUY signals portends good things to come for investors.
- ► 2011 (40)
- ► 2010 (189)
- ► 2009 (312)
- Allis-Chalmers Energy starting to look good here
- Yahoo tries to innovate, Microsoft does what it al...
- Semiconductor equipment industry continues contrac...
- Market statistics show a glimmer of hope
- Alert HQ for the week ending 2-22-2008
- Why I sold DBO
- HP stands nearly alone
- China ETF stuck in channel or about to break out?
- What do HP's earnings say about the state of tech?...
- Alert HQ for the week ending 2-15-08
- Volt Information Sciences - overlooked small-cap
- Yahoo board does the right thing
- Weekly Market Update and Alert HQ for week ending ...
- Merrill Lynch sentiment indicators - no bottom yet...
- Microsoft and Yahoo - bigger may not be better
- Alert HQ for week ending 2-1-2008 -- BUY signals p...
- Inside Alert HQ - how we generate signals
- ▼ February (17)
- ► 2007 (200)
|Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.|