This post is to announce that the latest list of stock alerts is up and available at Alert HQ. Each week we scan over 7200 stocks and ETFs looking for fresh BUY and SELL signals. This week's results can only be termed "scary".
The markets took a real tumble this week, down about 3.1%. As can be expected, this is killing the performance of recent stock alerts. More significantly, this week the SELL signals based on daily data greatly outnumber the BUY signals. We have 48 SELL signals, a record quantity for one week for Alert HQ compared to only 11 BUY signals. Perhaps this lopsided situation is a signal in itself.
This week we have produced a small selection of 3 BUY signals as well as 11 SELL signals based on weekly data. As you can see, SELL signals outnumber BUY signals when looking at weekly data also.
All in all, for the bulls, this ain't pretty. You may want to use our list of SELL signals to help cut losses if you are not someone who is comfortable shorting stocks.