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.
And plenty of stocks sure moved this week! Unfortunately, the move was mostly downhill. Volume picked up this week and economic news was not comforting to the bulls. Retailers reported lackluster same store sales. Employment was down again and the unemployment rate jumped to 6.1%, surprising most analysts and economists. Talk of hedge funds getting shaky due to bad commodity bets didn't help the atmosphere on Wall St either. It was no surprise to see the major averages turn in losses ranging from 2.8% to 4.7%
Against this backdrop, Alert HQ still managed to find some BUY signals: 10 based on daily data and 15 based on weekly data. In an indication of how the pendulum is swinging, though, SELL signals by far outnumbered BUY signals. This we week we have 35 SELL signals based on daily data and 33 based on weekly data.
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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|Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.|