Skip to main content

Alert HQ signals for Tuesday, Jan 12, 2010

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:
  • 66 Swing Signals -- 11 BUY signals and 55 SELL Signals.
  • 619 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 149 stocks that are new additions to the list and 200 that fell off the previous list.
  • 29 Trend Busters of which 22 are BUY signals and 7 are SELL signals.
  • 211 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 82 are bearish gaps and 129 are bullish gaps.
The view from Alert HQ --

Pretty inauspicious start to earnings season today!

Alcoa missed Wall Street expectations when they reported last night and that was enough to start a steady erosion in stocks today. And after weeks of consistent bullishness, our Alert HQ signals have been turned on their heads.

What we are seeing is SELL signals outnumbering BUY signals on three out of four of the lists above. To add insult to injury, most of the BUY signals on the Swing Trading list are inverse ETFs. Finally, though the Trend Leaders list is still reasonably sizable, the number of stocks dropping off the list exceeded the number that were added.

All in all, there is not much good to say about the behavior of stocks today. Still, it's not the end of the world. Here is the chart of the Total Market Vipers ETF (VTI).

The Good - The Slow Stochastics and MACD have both been marching upward along with stocks over the last month or so. This lack of divergence has been bullish. Now, both indicators have turned down but neither has quite given a SELL signal yet though both are close.

The Bad - With the bearishness in the Alert HQ signals, it is reasonable to assume that further weakness is in store.

The Ugly - And if there is going to be further weakness, there's quite a way to go before VTI, for example, gets down to a serious support level or its 50-day moving average. So be prepared to see profits dwindle.

As a result, investors should not be running for the exits yet but caution should surely be uppermost in our minds.

As we move into earnings season, craziness and volatility can be expected. Today semiconductors got killed but they could easily rally again after Intel reports on Thursday. So hold on for a bumpy ride!

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.

Found a few stock picks you are interested in? If you are looking to refine your entry and exit points, you should take a look at what our friends at Hottinger's E-Zone Signals have to offer.


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

Thursday Bounce: Trend Busters, Swing Signals and Trend Leaders for July 9, 2009

This is a quick post to announce that we have published Thursday's Trend Leaders, Swing Signals and Trend Busters at Alert HQ . All are based on daily data. Today we have the following: 72 Swing Signals -- A couple of days ago we had 35 signals, today we have twice as many. Happily, we now have 65 BUY signals, a mere 4 SELL Signals plus 3 Strong BUYs. Whoo-hoo! 56 Trend Leaders , all in strong up-trends according to Aroon, MACD and DMI. There are 18 new stocks that made today's list and 60 that fell off Tuesday's list. 48 Trend Busters of which 5 are BUY signals and 43 are SELL signals The view from Alert HQ -- Talk about mixed signals. If you look at our Swing Signals list you would think the market was in the middle of a big bounce. BUY signals are swamping the SELL signals and we even have a few Strong BUYs. Yes, there's a good sprinkling of tech stocks and tech ETFs but the distribution is pretty broad-based with a good number of different sectors represented, eve

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: Contact us if you have questions or identify any new issues.