Today we have the following:
- 62 Swing Signals -- 59 BUY signals and 3 SELL Signals.
- 231 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 70 stocks that are new additions to the list and 75 that fell off the previous list.
- 46 Trend Busters of which 37 are BUY signals and 9 are SELL signals.
- 202 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 100 are bearish gaps and 102 are bullish gaps.
Well, December sure got off to a good start and our signals reflect the improved tone.
When we get a surge in BUY signals on the Swing Trading Signals list, it often means we'll see further gains in the major averages. We got that surge today so I am optimistic that this will be a strong week for stocks.
Further confirmation of resurgent bullishness is there on the Trend Busters list, too. Here again we have a surge in BUY signals. Only one question, though: why so many Japan ETFs breaking above their trend lines today?
Today's signals are broad-based with most sectors represented, especially tech, healthcare, telecom, financials and energy. That's a good mix and I believe it provides a good base for further gains this week.
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.