This post is announcing that Tuesday'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:
- 20 Swing Signals -- 13 BUY signals and 7 SELL signals.
- 54 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 24 stocks that are new additions to the list and 29 that fell off the previous list.
- 44 Trend Busters of which 3 are BUY signals and 41 are SELL signals.
- 145 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 92 are bearish gaps and 53 are bullish gaps.
A decent day turned into a rout and our Alert HQ signals reflect the damage.
The Trend Busters list shows that more stocks continue to break down below their previously bullish trend lines. We are seeing more downside gaps than upside gaps. The Trend Leaders list can't seem to increase from all time low levels.
The only of bullishness is on our Swing Signals list where a number of beaten down stocks have managed to show enough of a rebound to generate a BUY signal.
My attitude thus far is that we shouldn't be shorting this market. The U.S. economy continues to show signs of recovery and I can't help but think that the current downturn is an overdue correction and a buying opportunity.
This is not to say that I can't change my mind if there is a change in circumstances. The folks at MarketClub have produced a video that examines the S&P 500 and suggests critical levels to watch. Click here to check out their free video. If the market breaks down below the levels they're looking at in this video it's "look out below!"
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.