Skip to main content

Tuesday Swing Signals, Trend Busters, Trend Leaders and Gap Signals for Sept 29, 2009

This post is announcing that Tuesday's Swing Signals, Trend Leaders, Trend Busters and Gap Signals are now available at Alert HQ. All are based on daily data.

Today we have the following:
  • 27 Swing Signals -- 16 BUY signals and 11 SELL Signals.
  • 353 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 128 stocks that are new additions to the list and 113 that fell off the previous list.
  • 15 Trend Busters of which 8 are BUY signals and 7 are SELL signals.
  • 318 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed.
The view from Alert HQ --

Our signals at Alert HQ are beginning to indicate a slowing in the negative momentum and perhaps a preparation a resumption of the up-trend. Let's look at each signal in turn:
  • I've noted before that we look to the Swing Signals to give us early warning on market turns. We've had SELL signals outnumbering BUY signals for a couple of weeks but today we see that situation reversed. This increases our expectations that the market is poised to move up.
  • I've also said that the Trend Leaders provide confirmation to the more short-term signals like the Swing Trading Signals. Our Trend Leaders list has been knocking around at rather low levels around 300 for a week or so now and we have seen the number of stocks falling off the list generally outnumbering the number moving onto the list. As of today, that situation has reversed. This is welcome news which implies that the tide could be turning in a positive direction.
  • With respect to our Trend Busters, the bullish signals hold a slight edge over the bearish signals
  • Our new Gap Signals are showing 170 bearish signals and 148 bullish signals. This category isn't doing much to support our bullish thesis. On the other hand, including a full week's worth of signals may be skewing our results when we are trying to look forward based in recent data.
  • Inverse ETFs are much less in evidence among our BUY signals today than they were last week.
So, in aggregate, the number of bullish signals suggests the market may be recovering sooner rather than later. Be sure to check Alert HQ for stocks that are poised to benefit.

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

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

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

The Trouble with Trend Reversal Indicators

Many of us use various trend reversal indicators to time our trades. Our desire is to determine when prices have changed direction so that we can ride the new trend. Why doesn't it always work out? The first reason, of course, is that unforeseen events often drive prices in unexpected directions. That is something we can't change and it often makes all of us technical traders crazy. On the other hand, sometimes an unforeseen event is a prelude to a new trend. A stock spikes up on a what seems to be a one-time piece of good fortune and soon falls back. Does it start making its way back up or does it resume a previous down trend? The conflict within trend reversal indicators is that, though they can definitely tell when prices change direction, they suffer from two problems. One, they often can't determine how significant that move in prices actually will be. Two, they are often lagging indicators. As such, they can be late in providing a signal, sometimes leading the investo...
1 comment
Read more