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Rebound slowing but not over yet -- Alert HQ signals for Thursday, Feb 18, 2010

This post is announcing that Thursday'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:
  • 33 Swing Signals -- 28 BUY signals and 5 SELL Signals.
  • 195 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 100 stocks that are new additions to the list and 16 that fell off the previous list.
  • 93 Trend Busters of which 85 are BUY signals and 8 are SELL signals.
  • 217 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 94 are bearish gaps and 123 are bullish gaps.
The view from Alert HQ --

The rebound continued today but progress was halting. It appears the initial surge is slowing down. Though all of our lists of stock picks are definitely bullish, the decrease in Swing Trading Signals is an early warning sign. Oh well, markets never go straight up.

Today the Fed announced a modest increase to the discount rate and investors will probably take that as a cue to sell stocks, interpreting this as the beginning of a rate tightening cycle. They may be premature in taking this attitude but the timing is right for stocks to take a rest after a week of good gains.

In the meantime, Alert HQ has a good selection of stocks that might help you play the rebound. If markets drop Friday, it may just provide a better entry point. Our indicators suggest this rally is still alive and well.

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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