Another exciting week on Wall Street, with a rate cut from the Fed to jump-start the economy. Here comes our list of stocks passing 3 (of possible 5) filters. There were only a paltry 2 stocks that passed 3 filters, and none that passed 4 or 5.
|Symbol||BB||Zacks||PEG||SuppDem||VL||IBD Stock checkup|
I dropped two stocks from the core list, PSEM and SLB. Even as Schlumberger falls off the list, I am noticing that it has hit is lower Bollinger Band and the MACD is ticking upward. Still, I am going to abide by my own rules and hold off on this one.Core list (with n of 10 weeks passing):
There is more talk of an upcoming recession. If this is typical of most recessions, we won't know that we're in it until it is well underway. (Even more typical: we find out several months afterwards.)
I will continue to trade defensively, and look for opportunities to sell bear call spreads and buy out-of-the-money puts with the cash.
Trade defensively, and trade well!