Skip to main content

Weekend Winners and Losers for June 4, 2010

Winners and LosersThis post lists all of this weekend's stock market BUY and SELL signals available at Alert HQ.

Today we have the following stock picks and signals:
  • Reversals based on daily data, we have 16 Alert HQ BUY signals and 17 SELL signals
  • Reversals based on weekly data, we have 1 Alert HQ BUY signal and 403 SELL signals
  • We have 34 Bollinger Band Breakouts based on daily data and 204 Breakouts based on weekly data.
  • We have 618 Cash Flow Kings
  • 3 Swing Signals -- every one is a BUY signal
  • 18 Trend Leaders, all in strong up-trends according to Aroon, MACD and DMI. We have 4 stocks that are new additions to the list and 3 that fell off the previous list.
  • 121 Trend Busters based on daily data of which only 3 are BUY signals. We also have 330 Trend Busters based on weekly data  and only 3 are BUY signals on this list, too.
  • 140 Gap Signals -- stocks with upside or downside gaps or gaps that have been closed. We see 88 downside gaps and 52 upside gaps based on daily data. We also have 36 Gap Signals based on weekly data.
The view from Alert HQ --

The surprise this weekend is that there are any BUY signals at all. After Friday's mini-meltdown, stocks gave up several days worth of gains. The S&P 500 has again failed to push above it's 200-day moving average while the NASDAQ Composite, which was comfortably above its 200-DMA closed the week below it. This does not bode well for the market in the short term.

The Alert HQ reversal signals, however, do show slight improvement as some stocks are beginning to recover. This recovery is only apparent in the daily data and has not taken hold sufficiently to show up in the weekly data which is tilted heavily toward SELL signals.

In the meantime, there are more downside gaps based on daily data then there are upside gaps. The Swing Signals and Trend Leaders lists have little to offer and the Trend Busters list is nearly all SELL signals.

Without a doubt, the week ended on a downbeat note and the signals at Alert HQ are, shall we say, less than bullish. Still, when the bears are running rampant is when the best values are found. For this reason, I encourage you to check out some of the BUY signals that we do have this weekend. Do your research - there just might be a gem hiding in one of our lists.

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

Business Intelligence consolidation - who's next?

We have seen a consolidation wave begin in the Business Intelligence space. IBM just bought Cognos and Oracle recently bought Hyperion. SAP just announced they are buying Business Objects after barely having time to digest their recent acquisition of Pilot Software. There are three major database vendors at this time: IBM with their DB2 product, Oracle with their flagship Oracle database and Microsoft with their SQL Server database. IBM and Oracle now have premier, industrial-strength data analysis and reporting products in their product portfolios that complement their core database products. Microsoft has what, Excel? Actually, Microsoft, like IBM and Oracle, has a suite of proprietary tools that do happen to integrate very well with Excel and SQL Server. Still, IT departments are not deploying the Microsoft tools for heavy-duty corporate use. Microsoft is unique among the big three by their lack of a premier reporting product. It seems safe to assume that Microsoft will be the next...
1 comment
Read more