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Updated Swing Trading Signals for week ending April 10, 2009

I've spent some time this weekend experimenting with the Swing Signal screen that we use in the Alert HQ software. I have made two changes that have resulted in a smaller but more robust set of swing trading signals. We still use the basic concept of stocks exceeding their upper or lower Bollinger Band and then reversing back inside the Bollinger Band envelope. The problem with this approach is that in some cases, the initial trend is still intact despite the fact that the stock is back inside the Bollinger Band envelope. In other words, the expected reversal is probably not occurring. To improve our results, we have made the following two changes: We have added a calculation of Williams %R to confirm that the price is really turning up in the case of BUY signals (coming out of an over-sold condition) or that the price is really turning down in the case of SELL signals (coming out of an over-bought condition). We now require that the most recent closing price be higher than the pr...

New Swing Trading Signals for April 10, 2009

This post is to announce that our weekend batch of new swing trading signals is available at the TradeRadar Alert HQ Swing Signals page . After Wells Fargo pre-announced robust earnings, stocks took off this week. As a result, we have a lot more BUY signals on our list. Our system looks for those stocks and ETFs that have exceeded their upper or lower Bollinger Bands and then have moved back inside the Bollinger Band envelope by a certain amount. Our interpretation is that there is a reversal underway and a short-term trading opportunity has presented itself. Today we have a total of 58 swing trading signals or which 39 are BUYs and 19 are SELLs. To see today's list you can check out the TradeRadar Swing Signals page . All 58 stocks are listed, plus we provide a free download in the form of a CSV text file which can be easily opened in Excel or any text editor. In addition to the signal and the stock symbol, we also provide some basic fundamental data to help you select the stocks ...

Free stock alerts, Trend Leaders, Bollinger Band Breakouts and Cash Flow Kings for April 10, 2009

This post is to announce that the latest list of free stock alerts is up and available at Alert HQ . Each week we scan about 7300 stocks and ETFs looking for fresh BUY and SELL signals. We apply a combination of proprietary and standard technical analysis techniques to identify those stocks that are beginning to move. Our goal is to identify stocks or ETFs that are undergoing reversals, either to the upside or to the downside. In addition to alerts, we also have our lists of Trend Leaders , a collection of stocks in strong up-trends, Cash Flow Kings whose free cash flow yield is 25% or greater and Bollinger Band Breakouts , stocks or ETFs that have moved at least 3% above their upper Bollinger Band or at least 3% below their lower Bollinger Band. These lists are all available at Alert HQ . Here is what we have this week -- After another good week where the market registered a fifth straight gain, we are finding that all kinds of stocks and ETFs are moving up strongly. This is amply d...

Forty stocks that have defied the downturn

As earnings season begins to unfold, it is a good time to look at some stocks that have managed to show growth despite the economic downturn. The following list was generated by screening for the following characteristics: The stock must have shown sequential quarterly growth as well as year-over-year growth in both EPS and Revenue The stock must have appeared on the TradeRadar Trend Leaders list this past weekend. This means that, besides being above their 50-DMA, they have also been determined to be in strong up-trends according to Aroon analysis, DMI and MACD. Symbol Name Last Price Market Cap PE PEG Price To Sales ARO AEROPOSTALE, INC $25.51 1709000000 12.24 0.84 0.96 BEC BECKMAN COULTER, INC. $51.57 3258000000 17.27 1.11 1.06 BJ BJ WHOLESALE CLUB, INC. $32.57 1782000000 14.5 1.56 0.18 BKE THE BUCKLE, INC. $31.14 1437000000 14.72 1.38 1.92 BMC BMC SOFTWARE, INC. $32.20 5946000000 25.32 1.23 3.29 FTI FMC TECHNOLOGIES, INC. $32.40 4073000000 11.97 0.93 0.92 HGG HHGREGG, INC. $15.13 ...

Mid-week update - new Swing Signals for Apr 7, 2009

This post is to announce a mid-week batch of new swing trading signals at the TradeRadar Alert HQ Swing Signals page . With the last couple of days resulting in declines in major averages, we have generated predominately SELL signals. Our system looks for those stocks and ETFs that have exceeded their upper or lower Bollinger Bands and then have moved back inside the Bollinger Band envelope by a certain amount. Our interpretation is that there is a reversal underway and a short-term trading opportunity has presented itself. Today we have 76 swing trading signals. After stocks turned in such a strong run-up during the last month, we are starting to see some exhaustion and the SELL signals are continuing to greatly outnumber the BUY signals. On the other hand, after such a big rally, there are many fewer stocks that are anywhere near their lower Bollinger Band so that is tending to keep the BUY signals to a minimum as well. In any case, to see today's list you can check out the Trade...

Intel's new processor - a game changer?

Image via Wikipedia Posting about the semiconductor industry has been a cheerless task lately so I am finding it satisfying to be writing a positive account of Nehalem, Intel's newest microprocessor. By all accounts a great product, is it significant enough to truly make a difference to Intel or the industry as a whole? Before we can answer that question, we should present a little background. Nehalem is the codename for the new Intel processor microarchitecture. Nehalem processors use a 45 nm manufacturing method, currently Intel's most advanced geometry though 35 nm is already in the works. What distinguishes Nehalem from its predecessors is that the new chip has a built-in memory controller for each CPU and there are four CPUs per chip. Another major improvement is the replacement of the old front-side bus with QuickPath, a new high-speed interconnect system that routes data between the CPU, memory, graphics controllers, etc. So much for the geek-speak (yes, I love this stuf...

Weekly Review - indicators at extremes

Another great week with the stocks on the upswing! It's certainly pleasant to see multiple weeks of follow-through but can it be true that suddenly all is well? On the plus side this week, investors welcomed the decision by the FASB to ease market-to-market rules. The ISM manufacturing index came in slightly better than expected and so did pending home sales. Construction spending declined less than expected. The expectations portion of the Consumer Confidence survey indicated people were a bit more hopeful than they were last month. There were negatives this week but, for the most part, they were ignored. The ADP employment report was horrible but investors shrugged it off. This set the stage for an equally horrible Non-Farm Payrolls report that was also shrugged off because it was considered to be "in line". Whether or not it was in line or out of line, it would seem to me that the importance of an 8.5% unemployment rate shouldn't be underestimated in a consumer dri...