Today we have the following:
- 87 Swing Signals -- 70 BUY signals and 12 SELL Signals plus 5 Strong BUYs
- 147 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. There are 35 new stocks that made today's list and 140 that fell off Tuesday's list.
- 79 Trend Busters of which 8 are BUY signals and 71 are SELL signals
It's good to see some Strong BUYs appear on our list of Swing Trading signals again. We've gone at least a week and a half without any Strong BUY or SELL signals. For that matter, the BUY signals greatly outnumber the SELL signals on the Swing Trading list and that might be a hint that stocks are getting ready to rally again.
On the other hand, it is worrisome to see our list of trend leaders reduced to under 150 when just a week or so ago we had well over 500. This is why some say stocks are in a no-man's land, testing the 200-day moving average while trend indicators deteriorate, but so far resisting a serious break to the downside.
Using the signals --
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 or even a day trader, our Swing Signals may provide some good trading ideas.