Today we have the following:
- 48 Swing Signals -- 12 BUY signals and 36 SELL Signals
- 474 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI
- 232 Trend Busters of which 21 are BUY signals and 211 are SELL signals
More alarming, we see a bunch of ultra short ETFs on our list of Trend Busters and they are all busting out to the upside. Unless this move is nipped in the bud, it doesn't bode well for the market as a whole.
Remember, if you're a momentum trader, the Trend Leaders list is a good place to go shopping. If you practice technical analysis, check out the Trend Busters. And if you are a short-term trader, our Swing Signals may provide some good trading ideas.