Markets took a real beating this week at the hands of oil and a surprising unemployment number didn't help either. This makes three weeks of declining performance in the Dow and the S&P 500 with only the NASDAQ managing to tread water. Friday provided the indignity of the Dow dropping almost 400 points as oil hit a new record and investors tried to make sense of the unexpected spike in the unemployment number. Against this tough backdrop, stocks that generated past TradeRadar stock signals, like most stocks out there, are definitely running into headwinds. This week Alert HQ is split 50-50 between BUY signals and SELL signals with 8 of each.
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 company involved in horse racing and gaming gained 13%
- A manufacturer of optoelectronics gained 9%
- An oil and gas company that is now up 18%
- A company engaged in the purchasing and managing of charged-off consumer receivables has gained 16%
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 like they were improving. This week markets took a damaging dive downward. Are we heading to new lows? We'll have to see what the numbers reveal.