Skip to main content

Thursday Swing Signals, Trend Busters and Trend Leaders for August 27, 2009

This is a quick post to announce that Thursday'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:
  • 30 Swing Signals -- 21 BUY signals and 9 SELL Signals.
  • 529 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 159 stocks that are new additions to the list and 97 that fell off the previous list.
  • 16 Trend Busters of which 10 are BUY signals and 6 are SELL signals.
The view from Alert HQ --

Thursday's signals always coincide with the release of initial jobless claims. This week, claims decreased a tiny bit and continuing claims did likewise. This was not enough to incite a rally and stocks dropped, only managing to struggle back and finish the day with the smallest of gains. Advance GDP for the second quarter was also released today and came in at -1%, better than consensus, but received no reaction from investors.

With respect to Alert HQ, we can make the following observation: Swing Signals down, Trend Leaders up. A week ago, we had a ton of Swing Signals but less than 200 Trend Leaders. It's good to see the number of stocks on the Trend Leaders list increase and it seems we are still in the range where we could see even more Trend Leaders before stocks get really overbought.

Though we have fewer Swing Signals, they again reflects bullishness as BUY signals outnumber SELL signals. We see the same situation in our Trend Busters.

It seems that each day gains in the major averages are exceedingly hard fought but, nevertheless, it's gains that we are seeing. Though it certainly feels like stocks are about to drop, our signals are not really showing much weakness. As I've said before, a sidewise market seems the most likely outcome in the very near term.

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

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

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...
6 comments
Read more

Business Intelligence consolidation - who's next?

We have seen a consolidation wave begin in the Business Intelligence space. IBM just bought Cognos and Oracle recently bought Hyperion. SAP just announced they are buying Business Objects after barely having time to digest their recent acquisition of Pilot Software. There are three major database vendors at this time: IBM with their DB2 product, Oracle with their flagship Oracle database and Microsoft with their SQL Server database. IBM and Oracle now have premier, industrial-strength data analysis and reporting products in their product portfolios that complement their core database products. Microsoft has what, Excel? Actually, Microsoft, like IBM and Oracle, has a suite of proprietary tools that do happen to integrate very well with Excel and SQL Server. Still, IT departments are not deploying the Microsoft tools for heavy-duty corporate use. Microsoft is unique among the big three by their lack of a premier reporting product. It seems safe to assume that Microsoft will be the next...
1 comment
Read more