Skip to main content

Bumpy Tuesday - Swing Signals, Trend Busters and Trend Leaders for June 23, 2009

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

Today we have the following:
  • 56 Swing Signals -- 36 BUY signals and 16 SELL Signals plus 4 Strong BUYs.
  • 86 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 19 stocks that are new additions to the list and 90 that fell off the previous list.
  • 180 Trend Busters of which only 12 are BUY signals and 168 are SELL signals.
After Monday's sell-off, Tuesday's bumpy ride leaves stocks flat on the day --

More weakness in the market has prolonged the shrinkage in our list of Trend Leaders. On the weekend we had 157 stocks and ETFs on the list, after today there are only 86. A few weeks ago there were around a thousand. Leadership in this market is getting mighty scarce.

Similarly, our Trend Busters list reflects further weakness as the breakouts to the downside greatly outnumber the breakouts to the upside.

As stocks continue last week's correction, however, it comes as a surprise that our Swing Signals list is leaning toward the positive side with more than twice as many BUY signals as SELL signals and four Strong BUYs to boot. Could this be an indication stocks are finding support at current levels? Many major averages are hovering around 200-day moving averages and are near their lower Bollinger Bands. If economic reports cooperate, we could see this correction begin to turn around. Then again...

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 or even a day trader, our Swing Signals may provide some good trading ideas.
Labels:

Comments

Post a Comment

Popular posts from this blog

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

Unlock Stock Market Profits - Key #4

This is the fourth article in a series of posts describing 10 tools to help you identify and evaluate good investing ideas. It is based on a post that provides a summary of the ten keys that individual investors should use to identify profitable stock trades. ( Click here to read the original post ) With this fourth post, we will continue another step along the path of finding stocks that seem to have some potential. The first post in the series discussed how to use unusual activity to identify investing ideas. The second post described how to use stock screeners. The third post described how to use lists of new highs and new lows. This post will focus on identifying social or business trends in order to find investing ideas. Information on new trends might turn up anywhere. In conversation with friends or business associates, in newspapers or magazines, on TV or though your work. The key is to be aware of trends and how they start, stop or change. We'll start by describing what...
6 comments
Read more

Pick 'o the Month - a two'fer

Usually I focus on a single smaller, more obscure stock. In this case, I would like to submit two stocks, a large-cap, Cisco Systems ( CSCO ), and a small-cap, Big Band Networks ( BBND ). These two stocks embody a resurgence in the network infrastructure space. That theme is what ties these two picks together. With the rising tide of video, music and movies downloaded over the Internet and cable companies offering bundled TV, phone and Internet, we have finally absorbed the glut of network capacity created during the Internet bubble. This deluge of multimedia is changing service providers’ business models, and the ways they manage and develop networks. The focus now is on how to move, manage and monetize content that is richer and more complex than ever before. In response, as telecommunications companies ramp up newer, faster networks to handle all this traffic, Cisco Systems is a prime beneficiary. As the dominant player in network infrastructure, it has already seen profits begin to...
1 comment
Read more