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Saturday, October 18, 2008

Free Stock Alerts - Alert HQ for Oct 17, 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 stocks or ETFs that are undergoing reversals, either to the upside or to the downside.

The market showed huge price swings this week but no new 52-week lows were established (whew!). Indeed, the Dow closed the week with a 4.7% gain, the S&P 500 with a 4.6% gain and the NASDAQ with a 3.7% gain. Small and mid-caps, however, barely budged. Against this backdrop, we have mixed results. Here is the breakdown for this week:
  • based on daily data, we have 25 BUY signals and only 4 SELL signals
  • based on weekly data, we have 2 BUY signals and 99 SELL signals
Last week we had absolutely no BUY signals based on daily data so it is good to see some BUYs appear and equally good to see the number of SELL signals dwindle to practically zero. With respect to the signals based on weekly data, we see the SELL list shrank compared to last week but it continues to identify a hefty number of declining 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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