Skip to main content

Rebound Tuesday - Swing Signals, Trend Busters and Trend Leaders for August 18, 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:
  • 81 Swing Signals -- 63 BUY signals and 7 SELL Signals. Not only that, we also have 12 Strong BUYs.
  • 216 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have only 19 stocks that are new additions to the list and a substantial 457 that fell off the previous list.
  • 12 Trend Busters of which 4 are BUY signals and 8 are SELL signals.
The view from Alert HQ --

After two days of declines (and Monday's decline was a doozy) it was a relief to see stocks rebound today. Of course, everyone is wondering if the rebound will continue or whether stocks will resume their losing ways.

Looking for clues in our signals today, we see two wildly divergent developments.
  • Trend Leaders: a week ago we had 989 stocks and ETFs on the Trend Leaders list. Now there are only 216 with a mere 19 new ones added to the list today while a whopping 457 fell off the list. This means that a sizable number of stocks are no longer in their strong up-trends. Outlook: bearish
  • Swing Signals: today's rebound generated a flurry of BUYs on our list of Swing Trading Signals. We even have a nice selection of Strong BUYs. This means that a bunch of stocks bounced nicely off their Bollinger Band. Outlook: bullish
I generally consider the Trend Leaders to be somewhat of a lagging indicator while the Swing Signals are a leading indicator. If this is true, then I hope you bought some stocks this morning.

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.

Comments

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

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 professional

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