This post is to announce that the latest list of stock alerts is up and available at Alert HQ.
The week on Wall Street saw a huge rally and, despite day after day of bad economic news, stocks managed to hold almost all their gains. The major averages are now sitting on top of their 50-day moving averages and the TradeRadar market statistics reflect quite a bit of broad-based strength.
As a result, this week we have a big alert list of 64 BUY signals and no SELL signals!
Some work was done on the TradeRadar software this week to improve the DMI calculations. I would like to refer purchasers of the alert list to StockCharts.com to look up some of the recommended stocks and view their charts. StockCharts.com provides the ability to add to the charts a visual indication of all the technical analysis calculations we do except the proprietary TradeRadar signal and trendlines. Note that the DMI is called "Wilder's DMI (ADX)". They also provide Aroon and Chaiken Money Flow chart overlays as well as moving averages. Note also that TradeRadar uses exponential moving averages which tend to be more responsive than simple moving averages.
Later this weekend I will be writing another post to describe my analysis of the market statistics the Alert HQ software has generated.
The week on Wall Street saw a huge rally and, despite day after day of bad economic news, stocks managed to hold almost all their gains. The major averages are now sitting on top of their 50-day moving averages and the TradeRadar market statistics reflect quite a bit of broad-based strength.
As a result, this week we have a big alert list of 64 BUY signals and no SELL signals!
Some work was done on the TradeRadar software this week to improve the DMI calculations. I would like to refer purchasers of the alert list to StockCharts.com to look up some of the recommended stocks and view their charts. StockCharts.com provides the ability to add to the charts a visual indication of all the technical analysis calculations we do except the proprietary TradeRadar signal and trendlines. Note that the DMI is called "Wilder's DMI (ADX)". They also provide Aroon and Chaiken Money Flow chart overlays as well as moving averages. Note also that TradeRadar uses exponential moving averages which tend to be more responsive than simple moving averages.
Later this weekend I will be writing another post to describe my analysis of the market statistics the Alert HQ software has generated.
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