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Free Stock Alerts - Alert HQ for Nov 14, 2008

This post is to announce that the latest list of free 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. Our goal is to identify stocks or ETFs that are undergoing reversals, either to the upside or to the downside.

This week made it tough to find winners. Companies and economic reports were pretty consistent in declaring that the U.S. consumer is toast. Retail sales were off sharply, Best Buy and other retailers reduced their outlooks (even Wal-Mart did!). Intel also reduced their near-term outlook and analysts rushed to reduce estimates on all the companies in the PC food chain. Circuit City declared bankruptcy. Jobless numbers crossed the threshold over 500,000. Markets sold off this week, rallied strongly on Thursday in the face of the worst news and then sold off again on Friday.

Against this uncertain and crazy backdrop, we see the number of signals in either direction dwindling. Here is the breakdown for this week:
  • based on daily data, we have 12 BUY signals and 3 SELL signals
  • based on weekly data, we have 9 BUY signals and 8 SELL signals
Stop by Alert HQ and download your free lists. The alerts based on weekly data show those stocks that have exhibited some good follow-through after a recent trend reversal. If you want to be early in identifying the newest trend reversals, the lists based on daily data are for you. No matter which preference you have, there are bound to be a few stocks you will want to add to your watch list.
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