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Saturday, December 20, 2008

Trend Leaders for Dec 19, 2008 - free list of chart-busting stocks gets bigger

This post is to announce that Trend Leaders, our latest list of stocks in strong up-trends, is now available at the TradeRadar site.

Readers of the TradeRadar blog are familiar with the Alert HQ free lists of stock alerts. With Alert HQ, we try to identify those stocks and ETFs that are making reversals. Every week we scan all the stocks listed on the NYSE, AMEX and NASDAQ, over 6800 securities in all, to find those stocks or ETFs that are generating actionable BUY signals or SELL signals.

As a byproduct of the Alert HQ process we are providing a list of all the stocks or ETFs that are currently in strong up-trends. We call them Trend Leaders and the list is, of course, absolutely free. These stocks are registering strong signals using Aroon analysis, DMI and MACD. They are also above their 50-day exponential moving average.

This week we have 299 stocks that made the cut. This is nearly three times the number we had last week.

On the economic front, news continued to be bad but there was a sense it was not as bad as expected. The Fed helped by cutting rates to practically zero and committing to "quantitative easing" by directly buying Treasury securities. Two tech bellwethers, software giant Oracle (ORCL) and Blackberry producer Research in Motion (RIMM), both managed to deliver in line earnings and passable forward guidance. The automakers got their bailout, at a least a short-term bailout which is better than nothing. Major averages registered modest gains led by small caps, mid caps and the NASDAQ, enough to give our list of Trend Leaders a big boost.

Trend Leaders presents those stocks that are bucking the bear market. If your investing style is dependent on trending and momentum, you should be able to easily find a few stocks to add to your watch list or your portfolio.

You can read more and download the free list at the TradeRadar Trend Leaders page.

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