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
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.