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Free stock alerts, Trend Leaders, Bollinger Band Breakouts and Cash Flow Kings for Feb 6, 2009

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 7400 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.

Wait, there's more...

We also use the Alert HQ process to generate more free lists of stocks and ETFs

The first byproduct of the Alert HQ process is the Trend Leaders list, our collection of stocks in strong up-trends. These stocks are registering strong signals using Aroon analysis, DMI and MACD. They are also above their 50-day exponential moving average. This week's list is now available at the TradeRadar site on the Trend Leaders page.

As another byproduct of the Alert HQ process we have generated a list of stocks that have broken either above their upper Bollinger Band or below their lower Bollinger Band. Those that closed 1% above the upper band are labeled "Bullish Breakout." Conversely, those that closed 1% below the lower band are labeled "Bearish Breakout." This week's list of Breakouts is also now available at the TradeRadar site on the Trend Leaders page.

Cash Flow Kings are our newest feature but we've made a change this week. We used to calculate the free cash flow yield of all the stocks we scan and pick the ones whose yield is 50% or greater. We've now modified this scan so it picks up any that yield 25% or greater. This way we think we'll pick up more stocks that are truly Cash Flow Kings so you can ignore those stocks that show up on the list with super high yields due to some quirk in their business model or a sudden plunge in their stock price. This list is also available on the Trend Leaders page.

Here is what we have this week --

After four down weeks in a row, stocks finally climbed. While I was sick in bed, the markets had a party! The S&P 500 jumped over 5% and the NASDAQ advanced almost 8%. The major motivation for the market this week was simply hope. Hope that the government's stimulus program would be passed in the coming week and hope that the new Treasury secretary's speech on Monday will reveal the salvation of the banking sector. Economic news was resolutely downbeat but hope triumphed in the end. The effect of this outpouring of hope was that many stocks that we evaluated jumped like crazy, bouncing above their upper Bollinger Band. It's no surprise that our lists of stocks are a little more populated with good news this week. Here is the breakdown:
  • based on daily data, we have 21 Alert HQ BUY signals and 18 SELL signals
  • based on weekly data, we have 12 Alert HQ BUY signals and 5 SELL signals
  • based on daily data, we have 217 Trend Leaders
  • based on daily data, we have 581 Bollinger Band Breakouts. We also have 168 Breakouts based on weekly data.
  • finally, we have 867 Cash Flow Kings, roughly double last week's number now that me made the change referenced above
Visit Alert HQ and download your free lists of stock alerts. 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.

Don't forget to download the free lists of Trend Leaders, Bollinger Band Breakouts and Cash Flow Kings at the TradeRadar Trend Leaders page. If you're a momentum trader, the TrendLeaders list is a good place to go shopping. If you have no faith in technical analysis, the Cash Flow Kings may be just what you are looking for!

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