Skip to main content

Topped out - Thursday Swing Signals, Trend Busters and Trend Leaders for Sept 24, 2009

This post is announcing that Thursday'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:
  • 96 Swing Signals -- 16 BUY signals and 80 SELL Signals.
  • 583 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 83 stocks that are new additions to the list and 545 that fell off the previous list.
  • 24 Trend Busters of which 12 are BUY signals and 12 are SELL signals.
The view from Alert HQ --

Last Thursday I said "OK, now I'm really worried." Our signals suggesting we were at or very close to a top. The last two days seem to confirm that.

Our Swing Signals had been skewing negative with SELL signals are outnumbering BUY signals. Today's results are similar but almost all the BUY signals are for inverse leveraged ETFs. There are a ton of SELL signals and they are spread across all kinds of sectors

Our list of Trend Leaders has been hanging at a level that was pretty close to historical highs. Today, the list got cut in half.

Our Trend Busters list looks a lot like the Swing Signals list with, again, most BUY signals coming from inverse leveraged ETFs.

Two days of losses have resulted in the S&P 500 being down roughly 2%. We now have an interesting setup on the chart below


In looking for support levels, it appears that Fibonacci lines fit the recent price pattern pretty well. You can see the first support level coming up quickly at $1039, but I suspect we'll get down around that 50% retracement line at $1027. I would be surprised if it went much below that level.

All in all, that would be a modest pullback, something that should be considered to be a healthy pause after such a strong run-up. The takeaway then is that if you are bullish, there is no reason to unload your positions and if you are bearish, this could be a short-lived opportunity so grab it while you can.

So keeping checking our site. We're finding plenty of opportunities and we post them three times a week.

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.

Comments

Popular posts from this blog

Running TradeRadar on Windows 7 and Windows 8

Development of the original TradeRadar Stock Inspector software was begun back in the days before Windows 7 and Windows 8 were available.

As these newer versions of Windows have become more popular, we have heard from some users that they are having problems installing and running TradeRadar on their newer PCs.

The good news is that TradeRadar will work just fine on Windows 7 and Windows 8. All you have to do is adjust the Windows Compatibility Settings to ensure TradeRadar runs as intended.

It is recommended that you can apply Compatibility Settings when running the initial installation; however, it is also possible to apply Compatibility Settings after the program has been installed.

Prior to installation
After downloading the install program, go to the folder where you have stored the TradeRadarStkInsp_7_Setup.exe or TradeRadarStkInsp_7_PRO_Setup.exe executable. Right-click on the executable file and select Properties. Click the Compatibility tab. Adjust the Compatibility mode to …

Durable Goods report for Sept just so-so but Computer segment is on fire

The Durable Goods advanced report for September 2011 was released on Wednesday.

I like to dig into the Durable Goods report because it can be useful for seeing how tech in aggregate is performing and how the sector may perform in the future. I always focus on two particular measures: shipments and new orders. Let's see how it played out last month.

Shipments -- 

I generally give less importance to Shipments since this is a backward looking measure reflecting orders that have been confirmed, manufactured and shipped. It's similar to earnings reports -- it's good to know but the data is in the past and we're more interested in the future. The following chart shows how September shipments looked for the overall tech sector:


Results for the overall tech sector were a bit weak but take a look at the next chart which tracks the Computers and related products segment:


Results here were actually quite good and, to make things even better, the previous month was revised upward.

N…

Alert HQ has moved!

End of an era!

This site was started way back in 2006/2007 to showcase my blog posts and the Alert HQ buy signals and sell signals. Alert HQ grew to include other kinds of stock alerts including Swing Signals, Trend Busters, Trend Leaders, Cash Flow Kings and more.

In the meantime, I built a sister site, TradingStockAlerts.com and I started using some of the same Alert HQ content over there. As a result, I am discontinuing the Alert HQ data here at Trade-Radar.com

The good news, however, is that all the Alert HQ signals and stock screens are still completely free. In addition, the pages have been enhanced so that you can hover over a stock symbol and a small chart will pop up so you can get a quick look at the stock's recent price action. If you click on a symbol it will take you to a page with plenty of financial and technical analysis information (still free!) as well as a larger chart that you can play with in terms of adding or deleting indicators, moving averages, etc.

Click …