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Down we go - Thursday Swing Signals, Trend Busters, Gaps and Trend Leaders for Oct 1, 2009

This post is announcing that Thursday's Swing Signals, Trend Leaders, Gap Signals and Trend Busters are now available at Alert HQ. All are based on daily data.

Today we have the following:
  • 28 Swing Signals -- 3 BUY signals and 25 SELL Signals.
  • 218 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 43 stocks that are new additions to the list and 178 that fell off the previous list.
  • 62 Trend Busters of which 26 are BUY signals and 36 are SELL signals.
  • 318 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed.
The view from Alert HQ --

Not much to say but stocks took a real tumble today. Our Tuesday signals, which suggested there was a slowing in the negative momentum, turns out to have been a head fake.

Once again we have lots of inverse leveraged ETFs generating BUY signals. We have a Trend Leaders list with the fewest number of stocks on it that we have seen in a long time. SELL signals again outnumber BUY signals on the Swing Signals list.

Since I am feeling under the weather, I will not try to provide an extensive analysis. My parting thoughts are that things are now swinging short-term oversold and we are just about at the support levels I described in my post from last Thursday. Here is an updated chart of the S&P 500 showing those same Fibonacci retracement lines.


As can be seen we are now at a 50% retracement. Given the strength of this downturn (pretty good volume was registered today), we could see some further declines, perhaps down to the 1015 level. A break through that level would be bad news. This is a good time to make sure your stops are all in order.

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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.

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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 …