Each week we scan about 7300 stocks and ETFs, checking fundamentals, performing technical analysis and looking for fresh BUY and SELL signals. Out of this process we generate the following lists:
- Alert HQ stock alerts - based on a combination of proprietary and standard technical analysis techniques, we identify stocks or ETFs that are undergoing reversals, either to the upside or to the downside
- Trend Leaders - a collection of stocks in strong up-trends
- Cash Flow Kings whose free cash flow yield is 25% or greater
- Bollinger Band Breakouts - stocks or ETFs that have moved at least 3% above their upper Bollinger Band or at least 3% below their lower Bollinger Band
- Swing Signals - stocks that have bounced off a higher or lower Bollinger Band
- Trend Busters - stocks or ETFs that have violated a current trend.
Major averages finished the week with losses following four straight weeks of gains. The culprits for the decline would be poor economic reports, most specifically retail sales and consumer sentiment. The gloomy outlooks embodied in those two reports overwhelmed the positives of a better than expected industrial production report and an inline CPI report.
The Fed met this week and the market rallied in response though there was nothing particularly new in the Fed statement. Go figure...
Our signals at Alert HQ show the continued tug of war between bullishness and caution. What we said last week is still true: though we have no dearth of BUY signals, we have plenty of SELL signals to counterbalance the bullishness. We also see the number of stocks on the Trend Leaders list cut almost in half over the course of this week, showing the strength of the rally waning.
As stocks continue their over-bought ways, however, the major averages aren't showing many technical indicators that would indicate they are in the process of rolling over. This week's losses were quite modest and major averages haven't even fallen below their 20-day moving averages yet. So while it may be scary to be a buyer at these levels it is also hard to be a seller as the market seems to be simply moving sideways.
This week's results --
Here is the detailed breakdown for Alert HQ for this weekend:
- Based on daily data, we have 8 Alert HQ BUY signals and 52 SELL signals
- Based on weekly data, we have 63 Alert HQ BUY signals and 23 SELL signals
- Based on daily data, we have 654 Trend Leaders. 31 new stocks joined the list since Thursday and 222 fell off the list since Thursday.
- Based on daily data, we have 89 Bollinger Band Breakouts but we also have 354 Breakouts based on weekly data.
- We have 758 Cash Flow Kings
- Based on daily data we have 51 Swing Signals of which 17 are BUY signals and 34 are SELL signals.
- Finally, we have Trend Busters with 17 signals based on daily data (6 BUY signals and 11 SELL signals) and 34 based on weekly data (18 BUY signals and 16 SELL signals).
Visit Alert HQ and download your free lists of stock alerts. 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.
If you're a momentum trader, the TrendLeaders list is a good place to go shopping. If you have no faith in technical analysis, the Cash Flow Kings may be just what you are looking for. If you do favor 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. See them all at Alert HQ.
Remember, we also provide our latest updated Swing Signals, Trend Leaders and Trend Busters on Tuesday and Thursday nights.