philtronics'  Instablog

There were a bunch of buy signals in Utility stocks on Friday, indicating a group move. Some of these stocks pay an exceptional dividend, and now might be an excellent time to take a position.

See my latest blog post at www.gigascanner.com/index.php - illustrated with annotated stock charts. Some of the best-looking symbols were D, CNP, NU, CMS, QEP, UGI, and CHG (in order of their by Market Caps). Of these, I would tend to gravitate toward the ones with the higher Relative Strength (RS) rankings.

Here's a list of the top 8 large-cap stocks putting out Climax Low buy signals today, courtesy of the Gigascanner free stock screener (www.gigascanner.com). Tomorrow morning will probably be an excellent time to initiate new positions in these stocks.

SYMBOL CLOSE CHANGE OFF ATH VOLUME AVG VOL VOL SURGE RS RANK EPS RANK ACC/DIST

JNJ 64.34 0.70 -11.57% 10081211 12138735 -17% 62.79 54.12 46.82

F 11.32 0.17 -40.33% 57313128 71544788 -20% 18.41 80.03 46.13

GM 24.03 0.83 -56.74% 18620720 13346394 40% 99.73 64.58 51.13

DELL 15.67 0.22 -63.19% 21966660 23516048 -7% 68.53 72.00 47.32

PRU 53.05 -0.62 -48.63% 7769748 5525974 41% 38.45 55.77 51.11

GIS 38.96 0.37 -48.52% 4911146 4988905 -2% 69.68 55.96 56.20

WM 31.82 0.46 -32.31% 6607661 5323328 24% 31.85 55.71 39.44

LBTYA 42.32 2.71 -19.11% 2375972 1649526 44% 57.63 49.53 61.99

A whopper of a write-up on my stock market blog this weekend featuring a sell signal as a contrary buy signal. Includes several annotated charts replete with signals and custom breadth indicators from my free online chart-based stock screening tool. Also discusses Leading Stocks versus Market Indexes.