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Tuesday, October 13, 2009

Tuesday Swing Signals, Trend Busters, Trend Leaders and Gap Signals for Oct 13, 2009

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

Today we have the following:
  • 14 Swing Signals -- 8 BUY signals and 6 SELL Signals.
  • 520 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 196 stocks that are new additions to the list and 62 that fell off the previous list.
  • 24 Trend Busters of which 16 are BUY signals and 8 are SELL signals.
  • 177 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed.
The view from Alert HQ --

We're seeing a rotation in our signals now. Note that the number of stocks on the Trend Leaders list has increased to over 500. At the same time, the number of Swing Signals has been decreasing. This shows the up-trend has been in place long enough to move all the lagging indicators that make up the Trend Leaders. It also shows that there aren't as many stocks left at the bottom of their Bollinger Bands that are candidates for the Swing Signals lists.

This isn't necessarily a bad thing or a sign that we are approaching another near-term top. It does mean that the current up-trend has had legs and has brought many stocks along with it. Given that the Trend Leaders list has not come anywhere near holding a 1000 stocks suggests that there is more upside to go. With Intel (INTC) soundly beating expectations today, another surge in the averages could be in store. Note that we have Taiwan Semiconductor (TSM) as a BUY on our Swing Signals list today. Now that TSM does manufacturing for Intel, we could see some nice follow through on that signal.

In addition, our other signal lists are registering more BUYs than SELLs.

In general, we are seeing this as a broadbased move benefiting many, many sectors. We have ETFs of every stripe among the BUY signals. I encourage you to take a look!

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 or Gap Signals may provide some good trading ideas.

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