Skip to main content

Stocks hold their gains for a whole day -- is it good enough for a real turnaround?

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:
  • 139 Swing Signals -- 139 BUY signals and not one SELL signal.
  • 32 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 21 stocks that are new additions to the list and 6 that fell off the previous list.
  • 69 Trend Busters, of which 65 are BUY signals and 4 are SELL signals.
  • 115 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 66 are bearish gaps and 49 are bullish gaps.
The view from Alert HQ --

Stocks  started the day strongly and finished with a further last minute rally. The result is another set of bullish signals at Alert HQ.

We again have unusual proportions of BUY signals. The Swing Signals list is has no SELL signals and the Trend Busters list has only 4 SELL signals.

The Trend Leaders list has increased in number though it stays at a historically low level. Downside gaps slightly outnumber upside gaps.

So our signals are swinging strongly bullish but is there confirmation seen in some of the major indexes. The S&P 500 is below and you can see that the short term indicators are all showing a recovery underway. Williams %R, Slow Stochastics and MACD are all showing reversal to the upside.


Unfortunately, not every indicator on this chart is bullish. SPX is still slightly below its 20-day moving average and significantly below its 200-day and 50-day moving averages.

The overall outlook then is that follow-through is required. As long as SPX stays below that 200-DMA, it's best to exercise caution. Check out our signals but do your own research and be sure you are getting a bargain if you choose to be a buyer.

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.

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 …