Skip to main content

Pullback running out of gas? - Alert HQ signals for Thursday, Nov 3, 2009

This post is announcing that Thursday'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:
  • 323 Swing Signals -- 321 BUY signals and 1 SELL Signal plus 1 Strong BUY.
  • 62 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 29 stocks that are new additions to the list and 25 that fell off the previous list.
  • 62 Trend Busters of which 27 are BUY signals and 35 are SELL signals.
  • 222 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed.
The view from Alert HQ --

Charts of major averages still look pretty awful but I think we're seeing this pullback run out of gas.

Why? Once again I'm putting my faith in the Swing Trading Signals. Over 300 stocks and ETFs bouncing off their lower Bollinger Band, coming out of an over-sold state according to Wiliiams %R and showing gains today. Breadth was good in terms of sectors - it seemed that almost all sectors were represented among this set of BUY signals.

Another indication that risk is becoming acceptable again is that small caps were in favor today. Not only did the Russell 2000 ouperform the other major averages today but there were a number of small cap ETFs on the Swing Signals list as well as plenty of individual small cap stocks.

Are our other signals providing confirmation? Yes and no. The Trend Leaders list is getting down to about as low as it can get. That implies it might be ready to go up, right? The Trend Busters list has a lot of foreign stock ETFs listed among the SELL signals. It shows the global nature of this pullback. Does it also show that the selling of U.S. stocks has begun to dry up?

So maybe I'm stretching to arrive at my opinion that stocks are ready to rise soon. But these are the times when you want to have a few stocks or ETFs picked out that you would be happy to own, especially if you can get them at the current lower prices. It's true that we could use another day or two of gains to confirm the turnaround but it sure seems like stock prices have stopped falling for the time being.

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.

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 …