Skip to main content

Tuesday Swing Signals, Trend Busters, Trend Leaders and Gap Signals for Oct 13, 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:
  • 14 Swing Signals -- 8 BUY signals and 6 SELL Signals.
  • 520 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 196 stocks that are new additions to the list and 62 that fell off the previous list.
  • 24 Trend Busters of which 16 are BUY signals and 8 are SELL signals.
  • 177 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed.
The view from Alert HQ --

We're seeing a rotation in our signals now. Note that the number of stocks on the Trend Leaders list has increased to over 500. At the same time, the number of Swing Signals has been decreasing. This shows the up-trend has been in place long enough to move all the lagging indicators that make up the Trend Leaders. It also shows that there aren't as many stocks left at the bottom of their Bollinger Bands that are candidates for the Swing Signals lists.

This isn't necessarily a bad thing or a sign that we are approaching another near-term top. It does mean that the current up-trend has had legs and has brought many stocks along with it. Given that the Trend Leaders list has not come anywhere near holding a 1000 stocks suggests that there is more upside to go. With Intel (INTC) soundly beating expectations today, another surge in the averages could be in store. Note that we have Taiwan Semiconductor (TSM) as a BUY on our Swing Signals list today. Now that TSM does manufacturing for Intel, we could see some nice follow through on that signal.

In addition, our other signal lists are registering more BUYs than SELLs.

In general, we are seeing this as a broadbased move benefiting many, many sectors. We have ETFs of every stripe among the BUY signals. I encourage you to take a look!

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