Monday, June 23, 2008

Stocks for the week of June 23, 2008

Here's the list for the week of June 23. I'm assuming that we've all lived through expiration week, yet again.


SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
ACI 1111A+
BUCY111 1A+
KWK111 1A+
MOS111 1A+
POT1 111A+
RIMM111 1A+
AGU 1 11A+
AMED 12 1A+
AXYS 12 1A+
BRY 11 1A+
CF  111A+
CSX1 1 1A+
ESV 11 1A+
FLR 12 1A+
FTI111  A+
GDI 11 1A+
HAL 11 1A+
JOYG 11 1A+
MA112  A+
MANT 11 1A+
NBL1 1 1A+
NOV111  A+
SWN 12 1A+
JEC 11 1A
KEX 11 1A
RIG 11 1A
VMI 11 1A
WDC1 1 1A
XLNX 11 1A


ESRX is off the core list. KWK is back on the list, after a brief (three week) hiatus. This week, I welcome these two stocks to the core list:

  • FLR
  • HAL
Fluror Corp (FLR) is yet another oil and gas and infrastructure company. Halliburton (HAL) explores and develops oil and gas properties. (They have divested themselves of the controversial portion of a private, overseas paramilitary force.) Even with (or because of) soaring energy prices, this energy sector of stocks is taking the lead.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
AXYS10 
JOYG10 
MANT10 
RIG10Earn 6-Aug
RIMM10Earn 25-Jun
MOS10Earn 29-Jul
POT10 
GLW9 
MON9Earn 25-Jun
BUCY9Earn 24-Jul
KEX9Earn 23-Jul
ACI9 
CSX9Earn 15-Jul
BIDU8 
MA8 
PCLN7 
NOV7 
BRY7 
FTI7Earn 5-Aug
SWN7 
LNN6 
DVN6Earn 6-Aug
GFA6Earn 5-Aug
NBL6Earn 30-Jul
XLNX6Earn 16-Jul
DE5Earn 13-Aug
WMB5 
FLR5Split 17-Jul
HAL5Earn 22-Jul
KWK5Earn 6-Aug

moving down this week
moving up this week
new this week

If you don't read John Hussman, I would highly recommend him. Go here and click on the "Weekly Commentary." You'll read someone who actually displays independent thought and is able to synthesize and analyze the markets.

In this week's commentary, Hussman recommends another site, Decision Point; Carl Swenlin has received some instant "street cred" because of him. I'll have to review his fortnightly information and would like to consider devoting some of my portfolio to trading his weather vane.

I am researching trading systems, using Forex, with the help of TradeStation and a book,
Trading Systems That Work: Building and Evaluating Effective Trading Systems by Thomas Stridsman. It is a detailed process, but after the entry is decided, you spend the majority of your time deciding on exit parameters. This is probably the way it should be, as I have no control after I buy, so that's where I need to focus my energies. Right now, I am trying to determine profit targets and stop losses.

I think that once I have decided on all of the paramteres, I will use a technique like a Monte Carlo simulation to decide how many contracts will be bought or sold short, in order to keep from going broke.

Enjoy trading this week, and be careful.

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