Skip to main content

Thursday Swing Signals, Trend Busters, Trend Leaders and Gap Signals for Oct 8, 2009

This post is announcing that Thursday'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:
  • 88 Swing Signals -- 85 BUY signals and 3 SELL Signals.
  • 306 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 147 stocks that are new additions to the list and 25 that fell off the previous list.
  • 40 Trend Busters of which 33 are BUY signals and 7 are SELL signals.
  • 229 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed.
The view from Alert HQ --

On Tuesday I looked at the day's Alert HQ signals and dared to predict new highs were on the way. Here we are on Thursday and all I can say is "so far, so good."

Our signals at Alert HQ have stayed bullish. Our Swing Trading Signals list is shorter today than on Tuesday but the BUY signals still way outnumber the SELL signals. The Trend Leaders list is expanding again. There are more upside breakouts on the Trend Busters list than downside breakouts. Even our list of Gaps is leaning bullish.

Earnings season is here and there haven't been any nasty surprises. Alcoa actually kicked off the "silly season" as some analysts call it by beating Wall Street expectations and that has set a hopeful tone.

So after registering gains four days in a row, markets are probably ready for a breather. If our signals are truly pointing to higher prices, and I think they are, it might be "buy the dip" time again.

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 or Gap 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

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

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