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Tuesday, July 28, 2009

Muddle through Tuesday - Swing Signals, Trend Busters and Trend Leaders for July 28, 2009

This is a quick post to announce that Tuesday's Swing Signals, Trend Leaders and Trend Busters are now available at Alert HQ. All are based on daily data.

Today we have the following:
  • 26 Swing Signals -- 11 BUY signals and 15 SELL Signals.
  • 997 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 286 stocks that are new additions to the list and 165 that fell off the previous list.
  • 22 Trend Busters of which 16 are BUY signals and 6 are SELL signals.
Stocks muddle through and end the day mixed --

The wild advance in the stocks market has finally slowed down. The last few trading days have been noncommittal. Today was more of the same as stocks sank, attempted to rally in the last couple of hours and ended mixed. Only the NASDAQ managed to end up in the green. It is clear investors are pausing to digest the recent gains.

The results are clear to see at Alert HQ. The number of stocks on our list of Trend Leaders has expanded to nearly 1000 but the increase in this number has slowed down noticeably. Larger numbers of stocks are falling off the list and many more stocks coming onto the list - a sign of rotation as more stocks become exhausted and fail to meet the criteria for being a Trend Leader.

Our Trend Busters list continues to reflect bullishness as breakouts to the upside continue to outnumber the breakouts to the downside.

We are seeing a divergence, however, with our Swing Signals. Here, the BUY signals are now outnumbered by the SELL signals. This is the first time we've seen that happen in weeks.

We are seeing a combination of bullishness and hesitation in our signals. As of today, it looks like stocks are taking a rest, not that they are getting ready for a major decline. That would imply being a buyer on the dips. What do you think? Are we a coiled spring ready for another run up? Or are we on the verge of another meltdown?

Using our signals --

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.

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