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Alert HQ signals for Tuesday, Jan 5, 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:
  • 17 Swing Signals -- 6 BUY signals and 11 SELL Signals.
  • 585 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 208 stocks that are new additions to the list and 118 that fell off the previous list.
  • 84 Trend Busters of which 78 are BUY signals and 6 are SELL signals.
  • 152 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 61 are bearish gaps and 91are bullish gaps.
The view from Alert HQ --

This past weekend the Alert HQ signals suggested that we might see gains in stocks. Monday, the first trading day of the new year, delivered a powerful rally. Tuesday was all about hanging onto those gains. Mixed economic reports resulted in stocks dropping, rising, dropping and finally rising again to finish the day more or less flat.

Today's uncertainty seems to have had an impact on our Swing Trading Signals. Only 17 today and most of them are SELL signals. In the meantime, all our other signals are unequivocally bullish. Almost 600 Trend Leaders is an indicator of broad-based strength in the market. We have plenty of Trend Busters almost all of which are BUY signals. Finally, we have more bullish gaps than bearish gaps on our Gap Analysis list.

I have often said that the Swing Trading Signals are the most responsive and when they start looking bearish, the market could be ready for a fall. Today, with SELL signals outnumbering BUY signals, you might wonder why I'm not more bearish. I believe that the small number of Swing Signals makes today's indication carry much less weight. If the list was four or five times larger, I'd say "beware". Since that is not the case, we can only assume the trend remains UP. Accordingly, I encourage you check out our various BUY signals and populate your watchlist.

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.

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