Skip to main content

The Bulls are back but will they stick around? -- Alert HQ signals for Tuesday, Feb 9, 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:
  • 188 Swing Signals -- 184 BUY signals and 4 SELL Signals.
  • 99 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 16 stocks that are new additions to the list and 25 that fell off the previous list.
  • 35 Trend Busters of which 14 are BUY signals and 21 are SELL signals.
  • 196 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 105 are bearish gaps and 91 are bullish gaps.
The view from Alert HQ --

Last Tuesday I titled the post "The bulls are back!" That was based on the huge number of Swing Trading BUY signals we found. Here we are again on a Tuesday with a rally in the stock market and a pretty sizable list of Swing Signals.

The question today is whether the Swing Signals are delivering another head fake, like last week, or whether they are an indication of returning investor optimism.

Frankly, looking for bullish confirming indicators is troubling. The rest of the Alert HQ signals are still tilting in a bearish direction. Even the stocks that showed up as BUYs on the Swing Signals list have yet to show a significant breakout above their downward-sloping trend lines.And yet, with stocks so over-sold a bounce seems inevitable. And it seems as if tech has been regaining favor over the last few days. Tech is always an important component of any rally attempt so I believe this bodes well for further gains. Combine this with the news today that Germany is considering assistance for Greece and we have the potential for investors to breath a sigh of relief and bid up stocks.

All in all, it's hard to advise that it's time to jump into the market with both feet but it's worth noting that we are at support levels and the market rallied while economic reports kept coming through with improvements. According to Bloomberg, for example, China exports increased 21% and imports jumped 81%. There must be some significant economic activity going on somewhere to cause those numbers.

So my suspicion is that the Swing Signals list shows the first of those stocks and ETFs that are going to benefit from an overdue bounce in the market. Another set of early movers can be found among the BUY signals on the Trend Busters list. Be sure to check them out today!

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

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

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...
6 comments
Read more

Pick 'o the Month - a two'fer

Usually I focus on a single smaller, more obscure stock. In this case, I would like to submit two stocks, a large-cap, Cisco Systems ( CSCO ), and a small-cap, Big Band Networks ( BBND ). These two stocks embody a resurgence in the network infrastructure space. That theme is what ties these two picks together. With the rising tide of video, music and movies downloaded over the Internet and cable companies offering bundled TV, phone and Internet, we have finally absorbed the glut of network capacity created during the Internet bubble. This deluge of multimedia is changing service providers’ business models, and the ways they manage and develop networks. The focus now is on how to move, manage and monetize content that is richer and more complex than ever before. In response, as telecommunications companies ramp up newer, faster networks to handle all this traffic, Cisco Systems is a prime beneficiary. As the dominant player in network infrastructure, it has already seen profits begin to...
1 comment
Read more