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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.
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