Here are the weekly stocks the passed three or more of my five filters. If it stays on the weekly list for more than 5 of the past 10 weeks, then it will also be displayed on the core list.
|Symbol||Top Ranked||Zacks||PEG||SuppDem||VL||IBD Stock checkup|
WMB had just made it on to the core list last week, but has dropped off for this week.Core list (with n of 10 weeks passing):
|moving down this week|
|moving up this week|
|new this week|
The market was cheered last week with an optimistic bailout of Bear Stearns. To use the analogy of bailing out a leaking boat, I suppose that the boat would be the US economy, and the water rushing would be damage from a hole in the hull from a financial institution. Problem is, we don't know what else is beneath the water line and how many holes are left to plug.
I am at risk of sounding like the morose donkey Eeore in Winny the Poo. Be that as it may, I'll let them keep on bailing, but keep a life preserver and scuba gear at the ready, just in case it gets worse.
For your interest, there are several ProShare funds that double the opposite direction of various market indices:
- DOG (Opposite Dow 30)
- SH (Opposite S&P 500)
- MYY (Opposite MidCap 400)
- QID (Opposite QQQQ)