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Free stock alerts - Alert HQ for August 8, 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. We apply a combination of proprietary and standard technical analysis techniques to identify those stocks that are beginning to move.

This week I also want to announce that the alert lists are free!

We have been offering the Alert HQ lists of BUY and SELL signals for months now. It is undeniable that the Alert HQ system does indeed identify many profitable trades. On the other hand, there have been a significant number of false signals, where things didn't work out as expected.

As a result, I have decided to make the Alert HQ stock signals free for now. As I have mentioned in numerous previous posts, the stock lists are excellent additions to a watch list. Keep an eye on the ones you determine to have the most potential and verify that the stock price is following through as expected. Do some fundamental research on the stock to ensure that the business model and profitability look good to you. Then pull the trigger.

This week the major stock indexes all turned in strong performances. With oil dropping, the dollar rising and the Fed holding interest rates steady, significant factors were in place for a rally. Cisco Systems delivered solid earnings and CEO John Chambers gave an upbeat forecast. This lit a fire under tech stocks and the NASDAQ gained over 4% this week. (Note that Cisco is one of our BUY signals this week.) Despite more huge losses reported by companies such as Fannie Mae, Freddie MAC and AIG, even the financials joined the party to the extent that lots of banks are on this week's BUY list.

As a result, we have another set of good sized alert lists this week. We have 63 BUY signals and 14 SELL signals based on daily data. In addition, we have 54 BUY signals and 46 SELL signals based on weekly data.

Stop by Alert HQ and download your free lists. I myself like the lists based on weekly data. These stocks have shown some follow through and often appear to be the more reliable trades. If you want to be early in identifying the new trend, the lists based on daily data are for you.

As always, do your homework and good luck trading.
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