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Alert HQ signals for Tuesday, March 23, 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:
  • 34 Swing Signals -- 30 BUY signals and 4 SELL Signals and one Strong BUY.
  • 811 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 271 stocks that are new additions to the list and 155 that fell off the previous list.
  • 11 Trend Busters of which 9 are BUY signals and 2 are SELL signals.
  • 136 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. 66 are bearish gaps and 70 are bullish gaps.
The view from Alert HQ --

Investors don't seem particularly upset by passage of the health care bill. On the contrary, we now have two days in a row of nice gains.

Things had been looking pretty toppy, we got the barest of pullbacks and now the market is looking strong again.For example, look at the improvement in our Swing Signals. It was dwindling to almost nothing and SELL signals outnumbered BUY signals. That situation is turned around completely. The number of signals has increased significantly and BUY signals way outnumber SELL signals. The Trend Leaders list has decreased a bit but there are still more stocks being added to the list than are falling off the list.

Likewise, on the Gap Analysis list, the majority of gaps are to the upside. Though our Trend Busters list seems smaller than usual, here too the BUY signals outnumber the SELL signals.

It's almost hard to believe that stocks might rack up more gains before turning in another correction but when you look at a chart of weekly data it does indeed look like stocks have a ways to go to complete the current leg up. We'll worry all the way up but don't let the worry keep you from taking a few bullish positions. I encourage you to let Alert HQ be your source of investing ideas.

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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