Skip to main content

Up and down Thursday - Swing Signals, Trend Busters and Trend Leaders for July 30, 2009

The NASDAQ gapped up today but couldn't hold its intra-day highs. No gap on the S&P 500 but otherwise a similar performance. Stocks ran up early, gave ground late in the day but still finished with decent gains. This seemed about right as the morning rally seemed to me to be a bit overdone. Catalysts today included a Goldman Sachs upgrade for GE, a beat by Motorola and a decrease in the unemployment rate. Weekly initial claims climbed for the second week in a row but still managed to stay below 600,000. Decent news but not worth a 2% rally as we saw in the morning. Stocks still managed to finish up around 1% which is nothing to complain about.

The view from Alert HQ --

Our list of Trend Leaders has finally gotten above 1000. This is a good indication of the bullish sentiment that is prevelent but it gets us closer to the kind of extreme levels that presage a pullback.

As we saw on Tuesday, we have more SELL signals than BUY signals on our list of Swing Trading Signals. This kind of action has been seen before a pullback.

Our Trend Busters list is shrinking but, in contrast to our Swing Signals, shows more BUY signals than SELL signals

For the most part, our signals reflect a high level of bullishness. The weakness in our Swing Signals is no surprise as, prior to today, stocks had stopped their mad rush to new highs. So I'm pretty happy to see the bullish tone but I'm worried about how some of these signals are getting that look - the kind of look that suggests new highs will be harder to come by and stocks could be ready to turn down again.

Friday we get the advance look at GDP for for the second quarter. That could be a big market mover if it blows away expectations on the upside or disappoints big on the downside. Anything in between is liable to be a let down and we could see stocks give up today's gains.

Thursday's Signals --

Today we have the following:
  • 27 Swing Signals -- consisting of 10 BUY signals and 17 SELL Signals.
  • 1018 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. There are 242 new stocks that made today's list and 221 that fell off Tuesday's list.
  • 14 Trend Busters of which 12 are BUY signals and 2 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.


Popular posts from this blog

Running TradeRadar on Windows 7 and Windows 8

Development of the original TradeRadar Stock Inspector software was begun back in the days before Windows 7 and Windows 8 were available.

As these newer versions of Windows have become more popular, we have heard from some users that they are having problems installing and running TradeRadar on their newer PCs.

The good news is that TradeRadar will work just fine on Windows 7 and Windows 8. All you have to do is adjust the Windows Compatibility Settings to ensure TradeRadar runs as intended.

It is recommended that you can apply Compatibility Settings when running the initial installation; however, it is also possible to apply Compatibility Settings after the program has been installed.

Prior to installation
After downloading the install program, go to the folder where you have stored the TradeRadarStkInsp_7_Setup.exe or TradeRadarStkInsp_7_PRO_Setup.exe executable. Right-click on the executable file and select Properties. Click the Compatibility tab. Adjust the Compatibility mode to …

Alert HQ has moved!

End of an era!

This site was started way back in 2006/2007 to showcase my blog posts and the Alert HQ buy signals and sell signals. Alert HQ grew to include other kinds of stock alerts including Swing Signals, Trend Busters, Trend Leaders, Cash Flow Kings and more.

In the meantime, I built a sister site, and I started using some of the same Alert HQ content over there. As a result, I am discontinuing the Alert HQ data here at

The good news, however, is that all the Alert HQ signals and stock screens are still completely free. In addition, the pages have been enhanced so that you can hover over a stock symbol and a small chart will pop up so you can get a quick look at the stock's recent price action. If you click on a symbol it will take you to a page with plenty of financial and technical analysis information (still free!) as well as a larger chart that you can play with in terms of adding or deleting indicators, moving averages, etc.

Click …

Durable Goods report for Sept just so-so but Computer segment is on fire

The Durable Goods advanced report for September 2011 was released on Wednesday.

I like to dig into the Durable Goods report because it can be useful for seeing how tech in aggregate is performing and how the sector may perform in the future. I always focus on two particular measures: shipments and new orders. Let's see how it played out last month.

Shipments -- 

I generally give less importance to Shipments since this is a backward looking measure reflecting orders that have been confirmed, manufactured and shipped. It's similar to earnings reports -- it's good to know but the data is in the past and we're more interested in the future. The following chart shows how September shipments looked for the overall tech sector:

Results for the overall tech sector were a bit weak but take a look at the next chart which tracks the Computers and related products segment:

Results here were actually quite good and, to make things even better, the previous month was revised upward.