Skip to main content

Down we go - Thursday Swing Signals, Trend Busters, Gaps and Trend Leaders for Oct 1, 2009

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

Today we have the following:
  • 28 Swing Signals -- 3 BUY signals and 25 SELL Signals.
  • 218 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 43 stocks that are new additions to the list and 178 that fell off the previous list.
  • 62 Trend Busters of which 26 are BUY signals and 36 are SELL signals.
  • 318 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed.
The view from Alert HQ --

Not much to say but stocks took a real tumble today. Our Tuesday signals, which suggested there was a slowing in the negative momentum, turns out to have been a head fake.

Once again we have lots of inverse leveraged ETFs generating BUY signals. We have a Trend Leaders list with the fewest number of stocks on it that we have seen in a long time. SELL signals again outnumber BUY signals on the Swing Signals list.

Since I am feeling under the weather, I will not try to provide an extensive analysis. My parting thoughts are that things are now swinging short-term oversold and we are just about at the support levels I described in my post from last Thursday. Here is an updated chart of the S&P 500 showing those same Fibonacci retracement lines.


As can be seen we are now at a 50% retracement. Given the strength of this downturn (pretty good volume was registered today), we could see some further declines, perhaps down to the 1015 level. A break through that level would be bad news. This is a good time to make sure your stops are all in order.

Comments

Popular posts from this blog

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 professionals and …

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 to lo…

Free stock alerts, Trend Leaders, Bollinger Band Breakouts and Cash Flow Kings for Jan 16, 2009

This post is to announce that the latest list of free stock alerts is up and available at Alert HQ. Each week we scan over 7400 stocks and ETFs looking for fresh BUY and SELL signals. We apply a combination of proprietary and standard technical analysis techniques to identify those stocks that are beginning to move. Our goal is to identify stocks or ETFs that are undergoing reversals, either to the upside or to the downside.

Wait, there's more...

We also use the Alert HQ process to generate more free lists of stocks and ETFs

The first byproduct of the Alert HQ process is the Trend Leaders list, our collection of stocks in strong up-trends. These stocks are registering strong signals using Aroon analysis, DMI and MACD. They are also above their 50-day exponential moving average. This week's list is now available at the TradeRadar site on the Trend Leaders page.

As another byproduct of the Alert HQ process we have generated a list of stocks that have broken either above their upper…