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Saturday, March 8, 2008

Alert HQ for the week ending March 7, 2008

This post is to announce that the latest list of stock alerts is up and available at Alert HQ.

It was another awful week on Wall Street with major averages falling between 2.6% and 3.0%. The financial sector fell 6%. This kind of action is grinding down many of the picks that generated BUY signals in past weeks.

With such negativity in the overall market, I shouldn't be surprised that this week we have absolutely no BUY signals at all. The list of BUY signals has been shrinking over the last few weeks and now we are down to none.

We do, however, have an alert list of five SELL signals this week. As mentioned in last week's post, it appears that many stocks currently in the SELL zone generated their initial SELL signal weeks or months ago. This week we got another batch that are finally throwing in the towel.

Later this weekend I will be writing another post to describe my analysis of the market statistics the Alert HQ software has generated and to discuss the performance of some of the picks from past weeks.

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