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Tuesday Swing Signals, Trend Busters and Trend Leaders for May 12, 2009

This is a quick post to announce that Tuesday's Trend Leaders, Swing Signals and Trend Busters are now available at Alert HQ. All are based on daily data.

Today we have the following:
  • 94 Swing Signals -- 13 BUY signals and 81 SELL Signals
  • 1161 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI
  • 63 Trend Busters of which 8 are BUY signals and 55 are SELL signals
Since I have a fascination with numbers, I am always trying to obtain some insights into the market from these results. Today it seems we have a preponderance of SELL signals yet our list of Trend Leaders remains large. A schizophrenic market? A pullback just getting started? We've certainly had some pretty tough days on the NASDAQ recently while the rest of the market has managed to hold up fairly decently. Are we seeing a rotation of leadership? Tech is slipping while commodities are gaining (have you noticed the breakout of the natural gas ETFs? we saw it starting days ago at Alert HQ). In the meantime, financials just see-saw up and down. A pullback seems the best bet but the question is, how shallow will it be? As long as we have a sizeable list of Trend Leaders and our Weekly Alerts continue to generate tons of BUY signals, I'm thinking the pullback will be shallow rather than deep. We shall see...

Using our signals --

If you're a momentum trader, the Trend Leaders list is a good place to go shopping. If you practice technical analysis, check out the Trend Busters. And if you are a short-term trader, our Swing Signals may provide some good trading ideas.

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