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Saturday, December 27, 2008

Free Stock Alerts - Alert HQ for Dec 26, 2008 - 49 BUY signals

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 6400 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 the market didn't give us much to work with. Volume was low, markets were closed for a day and a half for Christmas and investors didn't seem to want to move stocks too far one way or the other. With the exception of the Russell 2000, all the other major averages failed to move above their 50-day moving averages and indeed fell below their 20-day moving averages. Still, the declines were quite modest despite another pile of bad economic news: a jump in initial jobless claims, a plunge in home sales and confirmation the consumer went AWOL during this holiday shopping season.

Against the backdrop of a market that won't go down too far but won't go up either, we see the number of new BUY signals hanging in at a decent level. Here is the breakdown for this week:
  • based on daily data, we have 34 BUY signals and 13 SELL signals
  • based on weekly data, we have 15 BUY signals and 1 SELL signal
Visit 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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