Monday, February 4, 2008

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.


SymbolBB Zacks PEG SuppDem VLIBD Stock checkup
TNE111 A+
NOV 11 1A-


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):

SymbolPassing weeks Earnings
ESRX9
FLS9
LIFC9
MOS9
NDAQ9
VIP9
NOV9
AAPL8
ACO8
GOOG8
NOK8
DE8
CLB7
ISRG7
PCLN7
PCP7
AG7
AMZN7
JASO7Split 8-Feb
BOOM6
GME6
VMI6
CF6
CNH6
MATK6
SPWR6
FTI5
OTEX5
RIMM5
AMTD5
BGC5
ORCL5
WFR5


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!

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