Today we have the following:
- 369 Swing Signals -- 367 BUY signals and 1 SELL Signal plus 1 Strong BUY.
- 81 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 40 stocks that are new additions to the list and 21 that fell off the previous list.
- 70 Trend Busters of which 59 are BUY signals and 11 are SELL signals.
- 251 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 101 are bearish gaps and 150 are bullish gaps.
On Tuesday I asked whether the pullback was running out of gas. By the time we got to Thursday, it appears that the answer was a definite "yes."
Between Cisco's earnings beat and positive guidance, the big increase in productivity and the lower than expected initial jobless claims, stocks had to continue the rebound that began to be apparent a couple of days ago.
Is the rebound real? Our signals sure say it is!
Once again, we have tons of BUYs on the Swing Signals list and one, lonely SELL signal. BUY signals outnumber SELL signals on both the Trend Busters and Gap Signals lists. There are more stocks coming back onto the Trend Leaders list than are falling off.
If the signals tell the story then the story is bullish. This is the dip that needs buying. Today's signals provide a variety of plays that will allow you to get into the game. So step right up!
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.