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Thursday, March 4, 2010

Alert HQ signals for Thursday, march 4, 2010

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:
  • 14 Swing Signals -- 7 BUY signals and 7 SELL Signals.
  • 549 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 180 stocks that are new additions to the list and 65 that fell off the previous list.
  • 54 Trend Busters of which 49 are BUY signals and 5 are SELL signals.
  • 165 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 71 are bearish gaps and 94 are bullish gaps.
The view from Alert HQ --

Stocks have put in a week of gains but those gains have been smaller and smaller of late. Momentum is fading and it's a good bet a down day is on the way but so far, there are no indications the market is going to fall off a cliff.

At Alert HQ, the Trend Leaders list continues to grow, reflecting the fact that more and more stocks are establishing strong up-trends. The Trend Busters list has also grown and almost all the signals are upside breakouts.We also have more upside gaps than downside gaps.

Suggesting that things are about to cool off, however, the Swing Signals list has dwindled and BUY signals and SELL signals are neck and neck.

Looking forward, it was good that Thursday's trading ended with a strong, late afternoon move to the upside. It is also good to see the Nikkei and the Topix up 2% and 1.5% respectively as I write this. All this might lead one to think that Friday will be a strong day for stocks. But...

In case you are not aware, tomorrow brings four economic reports scheduled to be released before the open: Unemployment Rate,  Nonfarm Payrolls, Hourly Earnings and  Average Workweek. The most important, of course, is the Nonfarm Payrolls report which has a way of moving the market almost every month.

So I'm feeling cautious tonight but I would still encourage readers to browse through Alert HQ. We have some good candidates that might be cheaper tomorrow than they are today!

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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