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Saturday, July 26, 2008

Alert HQ for the week ending 7-25-2008

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. We apply a combination of proprietary and standard technical analysis techniques to identify those stocks that are beginning to move.

After a big rally in the previous week, this week saw mixed results. The Dow and the S&P 500 ended a bit below the previous week's close, the NASDAQ and the Russell 2000 nicely above.

This week's action saw stocks continue to advance sufficiently to begin triggering numerous BUY signals. What a list we have this week! Based on daily data we have 146 BUY signals and only 5 SELL signals. This is the most lopsided I have seen these numbers since we began running the Alert HQ process.

Before getting too excited, though, it is useful to step back and look at the signals based on weekly data. Here, the situation isn't nearly so giddy: 20 BUY signals and 23 SELL signals.

Many analysts are saying we are seeing a "feel-good" rally in a bear market. Our daily signals certainly bear out the strength of the "rally" part of this concept. Our weekly signals, however, indicate things could go either way.

In any case, 194 signals for $1.99 is still a bargain. Build your watchlist and be ready to take action.

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