Markets gained this past week though only the NASDAQ managed to gain as much as it lost in the previous week. Nevertheless, investors should be happy to see the slide in stocks prices slow and the gains in oil moderate. Economic news wasn't bad considering the situation the U.S. economy is in currently. All in all, it was a reasonably quiet week of modest gains.
Last week markets were down significantly and it was tough to find stocks that were generating BUY signals. With some strength returning this week, Alert HQ was able to identify a very interesting mix of stock alerts. As a result, this week we have a good list of 15 BUY signals and only 5 SELL signals available at Alert HQ.
Looking back --
Here are a couple of examples of BUY signals from last week's TradeRadar Alert List and the gains they generated in just five days:
- An oil refining company gained 6%
- A health services company gained 2%
- A real estate investment trust that is now up 31%
- A U.S. telecom company that has gained 18%
- A regional bank that is up 11%
As usual, later this weekend I will be writing another post to describe my analysis of the market statistics the Alert HQ software has generated. Last week market internals looked terrible. This week was a definite improvement. Are we poised for more gains? We'll have to see what the numbers reveal.
[UPDATE] This week TradeRadar Alert HQ is pleased to offer an added bonus: Anyone who purchases this week's lists of 15 BUY signals and 5 SELL signals based on daily data will also receive a list of 23 BUY signals based on weekly data at no extra charge!