Skip to main content

Alert HQ for the week ending May 9, 2008

This post is to announce that the latest list of stock alerts is up and available at Alert HQ. Each week we scan over 7200 stocks and ETFs looking for fresh BUY and SELL signals. This week's results are now available.

This week the major averages were down roughly 2%. Oil, AIG and the perennial party pooper Citigroup were the major drivers. As we wrote last week, the current rally was weakening and a potential new trading range might be developing. Against this backdrop it was hard to find too many stocks going up. As a result, our Alert HQ list of signals has shrunk this week to only 9 BUY signals. In addition, we have 4 SELL signals.

Looking back --

Here are a few examples of BUY signals from last week's TradeRadar Alert List and the gains they generated in just five days (and during a down market, too):
  • A company providing business process outsourcing to the financial industry gained 19%
  • A semiconductor designer and intellectual property provider gained 8%
  • A marketer of a range of information technology products and services gained 7%
  • A home-based health care provider gained 6%
These BUY signals were on last month's TradeRadar Alert List. Here are the gains they generated in just four weeks:
  • A pharmacy benefit manager has gained 22%
  • A semiconductor manufacturer has gained 21%
  • A diversified industrial and engineering company has gained 15%
  • A provider of worker's compensation and liability insurance has gained 13%
Looking ahead --

As usual, later this weekend I will be writing another post to describe my analysis of the market statistics the Alert HQ software has generated. At first glance, it appears that market internals are weakening, as can be expected when the markets experience a down week. How bad is the damage? Stay tuned for the full analysis.
Labels:

Comments

Post a Comment

Popular posts from this blog

Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation ...
4 comments
Read more

Trade Radar gets another update

Some of our data sources changed again and it impacted our ability to load fundamental/financial data. In response, we are rolling out a new version of the software: 7.1.24 The data sourcing issues are fixed and some dead links in the Chart menu were removed. So whether you are a registered user or someone engaged in the free trial, head over to our update page and download the latest version. The update page is here:   https://tradingstockalerts.com/software/downloadpatch Contact us if you have questions or identify any new issues.
Post a Comment
Read more

Time to be conservative with your 401K

Most of the posts I and other financial bloggers write are typically focused on individual stocks or ETFs and managing active portfolios. For those folks who are more conservative investors, those whose main investment vehicle is a 401K, for example, the techniques for portfolio management might be a little different. The news of stock markets falling and pundits predicting recession is disconcerting to professional investors as well as to those of us who are watching our balances in an IRA or 401K sag. What approach should the average 401K investor take? Let's assume that the investor is contributing on a regular basis to one of these retirement accounts. There are two questions that the investor needs to ask: 1. Should I stop putting the regular contribution into stocks? My feeling is that investors making regular contributions are being handed a present by the markets. Every week the market goes down, these investors are lowering their average cost. When markets reco...
7 comments
Read more