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Tuesday, July 20, 2010

Stocks show gains two days in a row -- is the rally back on?

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. It's been a while since I wrote a post highlighting the latest Alert HQ signals but I want to remind everyone that we have been putting up the Tuesday, Thursday and Saturday morning signals regularly without interruption.

Today we have the following:
  • 25 Swing Signals -- 23 BUY signals and 2 SELL signals.
  • 87 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 35 stocks that are new additions to the list and 43 that fell off the previous list.
  • 15 Trend Busters, of which 11 are BUY signals and 4 are SELL signals.
  • 125 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 75 are bearish gaps and 50 are bullish gaps.
The view from Alert HQ --

Over the weekend I wrote that Friday's market action was so bad that it seemed the advantage had gone to the bears. Major indexes wilted just as they seemed ready to decisively move above moving averages that were presenting resistance. Over the last two days, however, the stocks seem to be gathering strength for another run at the same moving averages.

The signals at Alert HQ are in tune with this recovery in strength. BUY signals are strongly outnumbering SELL signals on the Swing Signals and Trend Busters lists. Just so you don't get carried away with optimism, though, the Trend Leaders list has more stocks falling off the list than were added today and downside gaps over the last five days still outnumber upside gaps.

So our fast moving signals are showing a resurgence in stocks and our slower moving signals (the Trend Leaders, for example) are still reflecting last week's weakness. Which do you think will dominate Wednesday's trading?

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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