Skip to main content

Weekend Winners and Losers for April 16, 2010

Winners and LosersTake a few days off and something weird always happens. Goldman is accused of fraud (I'm shocked, shocked...) and the market tanks. In any case, I've been out of pocket since Thursday but I've had some help getting the Alert HQ signals out. What follows is a combination of our Weekly Review and the Weekend Winners and Losers where we announce the weekend's free stock signals available at Alert HQ.

Today we have the following stock picks and signals:
  • Based on daily data, we have 3 Alert HQ BUY signals and 39 SELL signals
  • Based on weekly data, we have 4 Alert HQ BUY signal and 5 SELL signals
  • We have 67 Bollinger Band Breakouts based on daily data and 341 Breakouts based on weekly data.
  • We have 625 Cash Flow Kings
  • 33 Swing Signals -- 13 BUY signals and 20 SELL Signals
  • 573 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 48 stocks that are new additions to the list and 166 that fell off the previous list.
  • 12 Trend Busters based on daily data of which 5 are BUY signals. We also have 38 Trend Busters based on weekly data.
  • 128 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. We see 33 downside gaps and 95 upside gaps based on daily data. We also have 46 Gap Signals based on weekly data.
The view from Alert HQ --

We actually had a pretty decent week and Friday was the only significantly down day. Nevertheless, the Friday downdraft seemed to be enough to lend a noticeably bearish tone to this weekend's signals, especially in the ones based on daily data. We see SELL signals outnumbering BUY signals in most cases and, though the Trend Leaders list remains in good shape, there are more stocks falling off the list than gaining membership in the list. This is not a good sign. I also notice some of the double inverse ETFs generating BUY signals. This development is a warning sign that bears watching.

With all that said, let's take a look at some of the numbers we track at Alert HQ.

In the chart below we count the number of stocks above various moving averages and count the number of moving average crossovers, as well. We scan roughly 7000 stocks and ETFs each weekend and plot the results against a chart of the SPDR S&P 500 ETF (SPY).


Now we begin to see an element of confusion. I just discussed the bearish tone of Alert HQ's signals. Now, looking at the chart above, there seems to be very little wrong with this market. All the measures of moving average analysis that we track actually moved up this week.

The next chart provides our trending analysis. It looks at the number of stocks in strong up-trends or down-trends based on Aroon analysis.


Here, too, things are looking good despite the weakness on Friday. This chart suggests the week was strong enough for most stocks to register gains and see a larger percentage of stocks exhibit up-trends.

The previous two charts contrast statistics for the whole market with the S&P 500. So it's worthwhile to take a more detailed look at a chart of the whole market. We'll use the Vanguard Total Market VIPERS ETF and look at some technical measures.


In this chart of VTI, it is easier to see the conflicting signals we discussed above. Williams %R is signaling SELL. On the other hand, MACD and Slow Stochastics are heading in a bearish direction but have not yet crossed the bearish threshold.

Conclusion --

With the technicals on the fence but leaning bearish and the market sinking with Goldman's reputation, earnings are probably the only thing that can save this market. On the positive side, Intel blew away earnings estimates as did JP Morgan Chase and both stocks found favor from investors. A worrisome sign, however, is that several bellwethers including GE, Google and UPS beat expectations and their stocks fell anyway.

The economic calendar this week is light but there is one thing that worries me. Durable Goods orders will be released on Friday. After the disappointing results for March manufacturing released this past week, another poor report on the manufacturing sector could weigh on the market. Manufacturing has been a bright spot in the recovery so far. A perception that the sector is faltering will certainly be a problem for stocks.

So with things looking pretty shaky at the moment, it seems like a good time to make sure your stops are updated and in order.

Comments

Popular posts from this blog

Running TradeRadar on Windows 7 and Windows 8

Development of the original TradeRadar Stock Inspector software was begun back in the days before Windows 7 and Windows 8 were available.

As these newer versions of Windows have become more popular, we have heard from some users that they are having problems installing and running TradeRadar on their newer PCs.

The good news is that TradeRadar will work just fine on Windows 7 and Windows 8. All you have to do is adjust the Windows Compatibility Settings to ensure TradeRadar runs as intended.

It is recommended that you can apply Compatibility Settings when running the initial installation; however, it is also possible to apply Compatibility Settings after the program has been installed.

Prior to installation
After downloading the install program, go to the folder where you have stored the TradeRadarStkInsp_7_Setup.exe or TradeRadarStkInsp_7_PRO_Setup.exe executable. Right-click on the executable file and select Properties. Click the Compatibility tab. Adjust the Compatibility mode to …

Durable Goods report for Sept just so-so but Computer segment is on fire

The Durable Goods advanced report for September 2011 was released on Wednesday.

I like to dig into the Durable Goods report because it can be useful for seeing how tech in aggregate is performing and how the sector may perform in the future. I always focus on two particular measures: shipments and new orders. Let's see how it played out last month.

Shipments -- 

I generally give less importance to Shipments since this is a backward looking measure reflecting orders that have been confirmed, manufactured and shipped. It's similar to earnings reports -- it's good to know but the data is in the past and we're more interested in the future. The following chart shows how September shipments looked for the overall tech sector:


Results for the overall tech sector were a bit weak but take a look at the next chart which tracks the Computers and related products segment:


Results here were actually quite good and, to make things even better, the previous month was revised upward.

N…

Alert HQ has moved!

End of an era!

This site was started way back in 2006/2007 to showcase my blog posts and the Alert HQ buy signals and sell signals. Alert HQ grew to include other kinds of stock alerts including Swing Signals, Trend Busters, Trend Leaders, Cash Flow Kings and more.

In the meantime, I built a sister site, TradingStockAlerts.com and I started using some of the same Alert HQ content over there. As a result, I am discontinuing the Alert HQ data here at Trade-Radar.com

The good news, however, is that all the Alert HQ signals and stock screens are still completely free. In addition, the pages have been enhanced so that you can hover over a stock symbol and a small chart will pop up so you can get a quick look at the stock's recent price action. If you click on a symbol it will take you to a page with plenty of financial and technical analysis information (still free!) as well as a larger chart that you can play with in terms of adding or deleting indicators, moving averages, etc.

Click …