This is a quick post to announce that Tuesday's Swing Signals, Trend Leaders and Trend Busters are now available at Alert HQ. All are based on daily data.
Today we have the following:
- 53 Swing Signals -- 37 BUY signals and 13 SELL Signals plus 3 Strong BUYs.
- 198 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 75 stocks that are new additions to the list and 23 that fell off the previous list.
- 16 Trend Busters of which 9 are BUY signals and 7 are SELL signals.
I have been vacationing the last few days so I will freely admit that I have not been following the little daily dramas taking place in the markets this week. What I can see from today's signals, however, confirms my suspicions as voiced in Saturday's post. At that time I said I thought I was beginning to see stocks begin to pull out of their recent swoon. The number of Trend Leaders has doubled since last week. Swing Signals continue to show BUY signals predominating. Things are quiet with our Trend Busters - they are few in number and more or less evenly split between BUY and SELL signals. So two out of three of today's lists have a bullish bias. I am suspecting that will continue. Keep in mind, though, this is a busy week for economic reports. As long the various employment reports, the ISM index and factory orders show some improvement, I think we will see the rally continue.
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 may provide some good trading ideas.