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Saturday, October 25, 2008

Free Stock Alerts - Alert HQ for Oct 24, 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.

This week, major indexes gave up more than they had gained in the previous week. Concerns over global recession hit markets worldwide and the U.S. was sucked into the vortex like everyone else. To my surprise, we didn't even get the dead cat bounce that I was expecting; investors just continued to drive the markets down. As can be expected, against this very negative backdrop we have few BUY signals. We also see that the number of SELL signals is decreasing as so many stocks have already rolled over to the downside. Here is the breakdown for this week:
  • based on daily data, we have 9 BUY signals and only 3 SELL signals
  • based on weekly data, we have 1 BUY signal and 74 SELL signals
Stop by Alert HQ and download your free lists. The alerts 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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