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Saturday, January 2, 2010

Last Weekend Winners and Losers of the year - Alert HQ BUY and SELL signals for December 31, 2009

This is the usual quick post announcing that the weekend's stock signals are now available at Alert HQ. This one is, of course, the last one for 2009.

Time for a few changes --

Today's signals are also notable because there has a little modification to the algorithm used to generate the Alert HQ BUY and SELL signals based on daily data and weekly data. These signals are based on detecting reversals through evaluation of several criteria. Penetration of the 50-day moving average was a requirement. The emphasis on that requirement has been reduced and use of Williams %R has been increased. This should make the algorithm more sensitive to increasing momentum and thus more responsive to stocks that are turning around but have not yet crossed their 50-day moving average,

Another change was incorporated to reduce emphasis on the Aroon trending indicator. Based on 25-days of data, it is one of the slower moving indicators we are using and therefore tends to lag the other indicators. In our new algorithm we discount bad Aroon indications if a number of other indicators are all positive. Again, this should make the algorithm more responsive.

So I would encourage you to take another look at our daily and weekly Alert HQ BUY and SELL signals. In one example from today's daily BUY list, Frontier Oil (FTO) has a great looking chart but it has not yet crossed above it's 50-day MA. The old algorithm would have missed this signal but you can see how the new algorithm picked it up right away.

The signals --

Today we have the following stock picks and signals:
  • Based on daily data, we have 26 Alert HQ BUY signals and 15 SELL signals
  • Based on weekly data, we have 5 Alert HQ BUY signal and 5 SELL signals
  • We have 51 Bollinger Band Breakouts based on daily data and 112 Breakouts based on weekly data.
  • We have 820 Cash Flow Kings
  • 30 Swing Signals -- 15 BUY signals and 15 SELL Signals.
  • 495 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 89 stocks that are new additions to the list and 148 that fell off the previous list.
  • 50 Trend Busters based on daily data of which 41 are BUY signals. We also have 40 Trend Busters based on weekly data.
  • 142 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. We also have 54 Gap Signals based on weekly data.
The view from Alert HQ --

Lightly staffed trading desks and the impending end of the year left traders in a "protect profits" mode. As a result, the last day of the year ended with a thud. Nevertheless, major averages failed to drop below first support levels and that's a good sign.

Here at Alert HQ, the exuberance of last week's weekend winners has been tempered somewhat. Swing Signals are evenly split between BUY and SELL signals. The dearth of Bollinger Band Breakouts demonstrates how markets lacked fireworks this week. Still, our new algorithm has identified a nice batch of Alert HQ BUY signals based on daily data while the Trend Busters list maintains a bullish outlook. Stocks didn't fall enough to severely impact our list of Trend Leaders though it did shrink a bit.

All in all, there appears to be little suggesting any kind of serious sell-off is the immediate offing. The trend is still UP and we have plenty of stock picks and BUY signals for you!

Using our signals --

Visit Alert HQ to view or download your free lists of stock alerts. The alerts based on weekly data show those stocks that have exhibited some good follow-through after a recent trend reversal. If you want to be early in identifying the newest trend reversals, the lists based on daily data are for you.

If you're a momentum trader, the Trend Leaders list is a good place to go shopping. If you have no faith in technical analysis, the Cash Flow Kings may be just what you are looking for. 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. See them all at Alert HQ.

Remember, we also provide our latest updated Swing Signals, Trend Leaders, Gaps and Trend Busters on Tuesday and Thursday nights.

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.

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