Stocks for February 4, 2008

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
TNE	1	1	1			A+
NOV		1	1		1	A-

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):

Symbol	Passing weeks	Earnings
ESRX	9
FLS	9
LIFC	9
MOS	9
NDAQ	9
VIP	9
NOV	9
AAPL	8
ACO	8
GOOG	8
NOK	8
DE	8
CLB	7
ISRG	7
PCLN	7
PCP	7
AG	7
AMZN	7
JASO	7	Split 8-Feb
BOOM	6
GME	6
VMI	6
CF	6
CNH	6
MATK	6
SPWR	6
FTI	5
OTEX	5
RIMM	5
AMTD	5
BGC	5
ORCL	5
WFR	5

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!