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Alert HQ signals for Thursday, March 11, 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:
  • 14 Swing Signals -- 3 BUY signals and 11 SELL Signals.
  • 902 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 286 stocks that are new additions to the list and 165 that fell off the previous list.
  • 33 Trend Busters of which 29 are BUY signals and 4 are SELL signals.
  • 145 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 66 are bearish gaps and 79 are bullish gaps.
The view from Alert HQ --

A week ago, it looked to me like stocks were getting tired. Since then, markets have put in a nice advance and I am once again getting skittish. Alert HQ is showing signs that the market is over-bought and ready for a pause. The Swing Signals are showing more SELL signals than BUY signals. The number of stocks on the Trend Leaders list is approaching one thousand. We've seen pullbacks before when these two sets of indicators are behaving this way.

On the other hand, maybe I'm just a worry wart. The Trend Busters list remains strongly bullish and the Gap Analysis list continues to show more upside gaps than downside gaps.

How to play it --

I'm often advising in these posts that you should pick some candidates for a watch list. With markets showing signs of wanting to take a breather, this is a good time to pick a few stocks from the Trend Leaders list and wait for a cheaper entry point which, in my opinion, might not be too far away. Don't forget to click the column headings to sort the lists to find those stocks whose valuation indicators look most attractive.

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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