Skip to main content

Follow-through Thursday: Trend Busters, Swing Signals and Trend Leaders for July 16, 2009

It looked like today might result in profit taking but instead we got a fine follow through on the previous days' rally. With jobless claims under 600K for the second week in a row, continuing claims finally showing a decrease and JP Morgan Chase reporting excellent earnings, the bulls wouldn't be denied today.

The view from Alert HQ --

The buildup in BUY signals on our Swing Signals list gave us a suspicion that a rally was on the way. Sure enough, that's what we've had this week. The number of Swing Trading Signals today has receded but the majority are BUY signals. If they are truly a leading indicator, the outlook now should be that the rally is slowing down.

On the other hand, our list of Trend Leaders continues to bulk up. It has been steadily growing and reflecting the return of bullishness to the market as more and more stocks and ETFs begin to display strong uptrends.

A further confirmation of the positive tone is found in our Trend Busters list where BUY signals dominate SELL signals three-to-one.

Thursday's Signals --

Today we have the following:
  • 46 Swing Signals -- consisting of 43 BUY signals, a mere 3 SELL Signals.
  • 184 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. There are 107 new stocks that made today's list and only 21 that fell off Tuesday's list.
  • 45 Trend Busters of which 35 are BUY signals and 10 are SELL signals
Using the signals --

As a humble practitioner of technical analysis, I admit that every signal can't be correct. Alert HQ can, however, provide a filtered selection of likely candidates from which investors can choose. Remember, 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.

Comments

Popular posts from this blog

Unlock Stock Market Profits - Key #1

This is the first in an ongoing series of articles where I discuss what I feel are keys to successful investing. 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)

There are two basic steps to investing. First, you need to find stocks that seem to have some potential. Then you have to determine whether these stocks are actually good investments. There are many stocks that at first glance look interesting, but further research reveals that there are too many negatives to warrant taking a position.

This first post in the series starts at the beginning: getting good investment ideas.

Key #1: If something special is happening to a stock, it will be reflected in some kind of unusual activity in the markets.

As individual investors, we will never be the first to know; however, unusual activity can be an early sign that allows us to follow the Wall Street professionals and …

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 to lo…

Free stock alerts, Trend Leaders, Bollinger Band Breakouts and Cash Flow Kings for Jan 16, 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…