Alert HQ. All are based on daily data.
Today we have the following:
- 64 Swing Signals -- 49 BUY signals and 14 SELL Signals plus 1 Strong BUY.
- 153 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 35 stocks that are new additions to the list and 176 that fell off the previous list.
- 158 Trend Busters of which 27 are BUY signals and 101 are SELL signals.
- 134 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 69 are bearish gaps and 65 are bullish gaps.
Major averages tried to close positive today but gave up in the last half hour. That makes four losses out of the last five days. For a week now Alert HQ has been generating tons of SELL signals and the Trend Leaders list has been steadily shrinking
Today, the Alert HQ signals have registered plenty more bearishness. The Trend Busters list has exploded with stocks that have broken below upward sloping trend lines. The Trend Leaders list has hit a new low.
Glimmers of hope?
What was hidden by all the weakness is the fact that a slew of stocks are actually turning back up. Our Swing Signals list has provided a welcome surprise: 49 BUY signals and 1 Strong BUY and only 14 SELL signals. There are lots of tech stocks represented, as they should be (see the post "Tech sector earnings scorecard - Time to get bullish on tech?"). And there were no inverse ETFs on the list which is also something that is encouraging.
The Swing Signals tend to be highly responsive, leading indicators in comparison to the other signals we present here. If we see the Swing Signals start perking up, you can assume stocks are hitting bottom and getting ready to rally. Today I see glimmers of hope...
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.
Found a few stock picks you are interested in? If you are looking to refine your entry and exit points, you should take a look at what our friends at Hottinger's E-Zone Signals have to offer.