Just when you think the market couldn't get any crazier, we have a week like this one! Panic, fear and loathing followed by euphoria. Blame the innocent, reward the incompetent. Shoot the short sellers! Bail out everyone!
Stocks were all over the place this week though they finished the week strongly. I had no idea what the Alert HQ software would make of the gyrations we have seen over the last two weeks. To my amazement, we have tons of BUY signals! The number of SELL signals, however, seems to be holding steady. And so, here is the breakdown for this week:
- based on daily data, we have 41 BUY signals and 29 SELL signals
- based on weekly data, we 59 BUY signals and 28 SELL signals
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.