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Saturday, September 27, 2008

Free Stock Alerts - Alert HQ for Sept 26, 2008

This post is to announce that the latest list of free 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. Our goal is to identify those stocks undergoing reversals, either to the upside or to the downside.

Well, Congress didn't get the bailout plan passed but the president assures us it will pass eventually. Another "mission accomplished"? We shall see. In any case, the uncertainty surrounding the bailout, compounded by terrible numbers related to home sales, durable goods and jobless claims served to push the markets down again. Losses on the week for the major averages ranged from 2.2% on the Dow to a whopping 6.5% on both the S&P Midcap 400 and Russell 2000.

Damage to our Alert HQ technical indicators continues. Against this backdrop, we see SELL signals outnumbering BUY signals again. Here is the breakdown for this week:
  • based on daily data, we have 20 BUY signals and 36 SELL signals
  • based on weekly data, we 16 BUY signals and 41 SELL signals
On the BUY list we see a few more banks along with a Biotech ETF and a gold miner.

On the SELL list we see a mixture of industrial, tech and retail companies and a bullish U.S. dollar ETF among many others.

Stop by Alert HQ and download your free lists. The lists based on weekly data show those stocks that have exhibited some good follow-through after a recent trend reversal. If you want to be early in identifying the newest trend reversals, the lists based on daily data are for you. No matter which preference you have, there are bound to be a few stocks you will want to add to your watch list.

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