Monday, July 28, 2008

Stocks for July 28, 2008

Here is the list for the week of July 28. It is comprised of stocks passing at least three of the five filters. It seems to me that both the number of stocks passing the weekly list and the number of stocks in the IBD Supply/Demand list are shrinking.

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
ARO 1111A+
MOS111 1A-
AXYS 12 1A+
FLIR 12 1A+
RIMM 11 1A+
WAB 11 1A+
ACI 11 1A
ESV 11 1A
HAL 11 1A
JOYG 11 1A
NOV 11 1A
POT1 1 1A
GDI 11 1A-
MON 11 1A-
XLNX 11 1A-


GLW, KEX, BIDU, and PCLN are off the core list. There are no new stocks on the core list.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
AXYS10 
JOYG10Earn 4-Sep
MOS10 
POT10 
RIMM10Earn 25-Sep
HAL10Earn 20-Oct
NOV10Earn 29-Jul
BUCY9 
RIG9Earn 6-Aug
ACI9 
FLR9Earn 11-Aug
MON9Earn 8-Oct
CSX8Earn 14-Oct
ESV8Earn 23-Oct
GDI8Earn 22-Oct
FTI7 
NBL7Earn 30-Jul
VMI7Earn 15-Oct
XLNX7 
KWK6Earn 6-Aug
MA6Earn 31-Jul
SWN6Earn 30-Jul
CF6 
BRY5Earn 30-Jul
MANT5Earn 30-Jul
NETL5 5
ARO Earn 21-Aug

moving down this week
moving up this week
new this week

I am reading through Van Tharp's other trading book, Trade Your Way to Financial Freedom. The notion that he keeps driving home is one of Expectancy, which should be the amount that you would expect to make on a given trade. It will take into account both

  • differences between average wins and losses and
  • frequency of wins and losses
Taleb would not be happy, probably because there are large, uncontrolled losses lurking out there. Nevertheless, the book is interesting and the example well chosen.

The Market remains in Red Light mode according to the 1-2-3 model. It has moved back to three stars in the inflation model ("Inflation Danger"), the same as last week. Enjoy your trading this week, but keep your eyes peeled.

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