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Thursday, March 25, 2010

Alert HQ signals for Thursday, March 25, 2010 -- alarm bells?

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:

  • 23 Swing Signals -- 8 BUY signals and 15 SELL Signals.
  • 592 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 86 stocks that are new additions to the list and 309 that fell off the previous list.
  • 15 Trend Busters of which 3 are BUY signals and 12 are SELL signals.
  • 138 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 65 are bearish gaps and 73 are bullish gaps.
The view from Alert HQ --

Stocks haven't really fallen all that much but the Thursday signals at Alert HQ are surprisingly downbeat tonight. Let's start at the top.

The Swing Signals list is growing but there are way more SELL signals than BUY signals. The Trend Leaders list is shrinking, not growing. The Trend Busters list has for the second time in a row shown more SELL signals than BUY signals. The only glimmer of positive news is that there are more upside gaps than downside gaps.

So with stocks at new highs, markets are vulnerable to a pullback here. There is some pretty solid support not too far below current levels and the economy continues slowly mending. On Tuesday I was surprised at how strong many of our signals were and today I'm surprised at how weak they are. Let's call it a wash and assume the trend is still up.

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.

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