Skip to main content

Hang tough Tuesday - Swing Signals, Trend Busters and Trend Leaders for July 14, 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:
  • 160 Swing Signals -- 151 BUY signals and 6 SELL Signals plus 3 Strong BUYs.
  • 98 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 59 stocks that are new additions to the list and 13 that fell off the previous list.
  • 18 Trend Busters of which 12 are BUY signals and 6 are SELL signals.
After Monday's big rally, stocks hang tough on Tuesday --

Stocks had a big day on Monday. The S&P 500, for example, rebounded from a sagging support level and avoided dropping through the neckline of the dreaded head-and-shoulders chart pattern that so many market participants were watching. With a couple of so-so economics reports that came out today, stocks had to fight to keep Monday's gains. In the end, stocks managed to hang tough and finish Tuesday with further gains.

After four weeks of declining stock prices, this week's upsurge is generating major turn-arounds in our daily data. Our Swing Signals have sky-rocketed and the vast number are BUY signals.

The number of stocks on our list of Trend Leaders nearly doubled. Rather than a rotation, we are seeing only few stocks falling off the list and a bunch more stocks coming onto the list - a sign of improvement in market breadth.

Similarly, our Trend Busters list suggests the beginning of a resurgence in the market as the breakouts to the upside now outnumber the breakouts to the downside.

With bellwether Intel coming through with a good earnings report after the close today, I am hopeful that we will see a further advance in the major stock averages. The promising chart action of the last two days provides more ammunition for the bulls. Now if the S&P 500 can just get back up above its 50-day moving average...

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

Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation ...
4 comments
Read more

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

Time to be conservative with your 401K

Most of the posts I and other financial bloggers write are typically focused on individual stocks or ETFs and managing active portfolios. For those folks who are more conservative investors, those whose main investment vehicle is a 401K, for example, the techniques for portfolio management might be a little different. The news of stock markets falling and pundits predicting recession is disconcerting to professional investors as well as to those of us who are watching our balances in an IRA or 401K sag. What approach should the average 401K investor take? Let's assume that the investor is contributing on a regular basis to one of these retirement accounts. There are two questions that the investor needs to ask: 1. Should I stop putting the regular contribution into stocks? My feeling is that investors making regular contributions are being handed a present by the markets. Every week the market goes down, these investors are lowering their average cost. When markets reco...
7 comments
Read more