Skip to main content

Saved by the bell Tuesday - Swing Signals, Trend Busters and Trend Leaders for August 4, 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:
  • 33 Swing Signals -- 13 BUY signals and 20 SELL Signals.
  • 1286 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 358 stocks that are new additions to the list and 120 that fell off the previous list.
  • 13 Trend Busters of which 8 are BUY signals and 5 are SELL signals.
Saved by the bell on an up-down-up Tuesday --

Major averages managed to end in the green today after starting the day with weakness, rallying to show strength through mid-day and then swooning only to exhibit a "stick-save" in the last half hour of trading. It looks like investors are expecting a pullback but are still feeling bullish. In other words, we have a market of two minds.

The results at Alert HQ are equally schizophrenic. The number of stocks on our list of Trend Leaders just keeps pushing higher and now sits at almost 1300. Yet our Swing Signals are tilting slightly to the bearish side as SELL signals outnumber BUY signals. As seems to usually be the case, our Trend Busters straddle the fence though today they show a small bias to the bullish side.

Again we are seeing a combination of bullishness and hesitation in our signals. Volume is certainly less than overwhelming though stocks continue to climb. By typical measures, most sectors and many stocks are over-bought. In my heart I know stocks are due for a correction but I keep wondering if they will defy conventional expectations as they have so often during the last year and a half. I look to the Swing Signals as the early warning system. When that list grows and SELL signals clearly outnumber BUY signals, we'll know the pull-back has arrived. For now, though, the list is somewhat short and I'm not sure we should read too much into it. Traders can hang onto those long positions for a few days more...

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

Thursday Bounce: Trend Busters, Swing Signals and Trend Leaders for July 9, 2009

This is a quick post to announce that we have published Thursday's Trend Leaders, Swing Signals and Trend Busters at Alert HQ . All are based on daily data. Today we have the following: 72 Swing Signals -- A couple of days ago we had 35 signals, today we have twice as many. Happily, we now have 65 BUY signals, a mere 4 SELL Signals plus 3 Strong BUYs. Whoo-hoo! 56 Trend Leaders , all in strong up-trends according to Aroon, MACD and DMI. There are 18 new stocks that made today's list and 60 that fell off Tuesday's list. 48 Trend Busters of which 5 are BUY signals and 43 are SELL signals The view from Alert HQ -- Talk about mixed signals. If you look at our Swing Signals list you would think the market was in the middle of a big bounce. BUY signals are swamping the SELL signals and we even have a few Strong BUYs. Yes, there's a good sprinkling of tech stocks and tech ETFs but the distribution is pretty broad-based with a good number of different sectors represented, eve
1 comment
Read more

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
4 comments
Read more