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
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.