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Saturday, October 11, 2008

Free Stock Alerts - Alert HQ for Oct 10, 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.

It was a horrible week in the markets with declines in major averages ranging from 15% to 18%. Damage to our Alert HQ technical indicators continued and and we have hit all time lows. Against this backdrop, we see SELL signals way outnumbering BUY signals again. Here is the breakdown for this week:
  • based on daily data, we have no BUY signals at all (!) and 19 SELL signals
  • based on weekly data, we have 3 BUY signals and 188 SELL signals
The BUY lists are practically empty. The SELL list based on daily data actually is smaller than last week because so many stocks had already fallen so much prior to this week. With respect to the signals based on weekly data, we see the SELL list growing as continued declines have finally triggered these longer-term indicators to generate the sell signal for an increasing number of stocks.

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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