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Friday, December 4, 2009

Alert HQ signals for Thursday, Dec 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:
  • 19 Swing Signals -- 17 BUY signals and 2 SELL Signals.
  • 257 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 71 stocks that are new additions to the list and 45 that fell off the previous list.
  • 50 Trend Busters of which 44 are BUY signals and 6 are SELL signals.
  • 212 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 103 are bearish gaps and 109 are bullish gaps.
The view from Alert HQ --

Today started optimistically, then stocks took a dip when the ISM Services index disappointed. After struggling to regain positive ground, stocks slid abruptly into the close to finish with modest losses.

Fear of Friday's Nonfarm Payrolls report was blamed for the last minute sell-off. Here at Alert HQ, however, the indications are still fairly bullish. BUY signals still outnumber SELL signals by a mile.Some themes continue like the BUY signals on Japan ETFs and now some action in Turkish stocks and ETFs adding to the international mix.

Another theme I'm seeing is a bunch of small-cap pharmaceutical and biotech companies showing up with BUY signals. Some examples include BioMimetic Therapeutics (BMTI), Arca Biopharma (ABIO), Sangamo BioSciences (SGMO) and Theragenics (TGX).

Finally, it's good to see more tech stocks on the BUY lists, too. We have stocks like Cymer (CYMI), KLA-Tencor Corporation (KLAC) and Open Text (OTEX).

Tomorrow all eyes are on employment-related reports: monthly Nonfarm Payrolls is the big one that can move the market all by itself but we will also get the unemployment rate, average workweek and hourly earnings. Economists and analysts are looking for continued modest improvement.in these numbers.A big miss could tank this market but, after several weeks of shrinking initial jobless claims, NFP should end up in a "less bad" mode which should, in turn, provide some upside for stocks.

And so, with the primary trend still UP, it seems reasonable to remain bullish. So check out our lists today for an interesting selection of BUY signals.

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.

2 comments:

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