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Tug of war at Alert HQ - signals for Tuesday, May 11, 2010

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:

  • 256 Swing Signals -- 254 BUY signals, no SELL signals and 2 Strong BUYs. A record!
  • 31 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 14 stocks that are new additions to the list and 14 that fell off the previous list.
  • 31 Trend Busters of which 12 are BUY signals and 19 are SELL signals.
  • 282 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 88 are bearish gaps and 194 are bullish gaps.
The view from Alert HQ --

This post evokes a tug of war because of the divergent results we're getting today at Alert HQ.

I've never had a list of Swing Trading Signals that was so large and had absolutely no SELL signals. This should be a hugely bullish sign but Alert HQ is also handing us some warning signals. The Trend Busters list has more SELL signals than BUY signals, the Trend Leaders list is still knocking around at all-time lows while there are a ton more upside gaps than downside gaps.

So my feeling is that the long-term trend remains up while the short-term trend is shaky at best. In this kind of situation, some stocks will pop while others with flounder. Look to Alert HQ to pick up on some of the quick moves while waiting for the trends to resolve themselves.

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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