Monday, July 7, 2008

Stocks for the week of July 7, 2008

Here's the list for the week of July 7, for stocks passing at least three of the five filters.

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
MOS111 1A+
NOV111 1A+
AMED 12 1A+
ANSS1 2 1A+
AXYS 11 1A+
ESV 11 1A+
FLR 11 1A+
GDI 11 1A+
HAL 11 1A+
KWK 11 1A+
NBL1 1 1A+
POT1 1 1A+
RIG 11 1A+
RIMM 11 1A+
ACI 11 1A
BUCY1 1 1A
CSX1 1 1A
JOYG 11 1A
MA112  A
MON 11 1A
NETL1 21 A
VMI 11 1A

GDI and ESV are new to the list.

  • Gardner Denver (GDI) makes compressor and vacuum products, and fluid transfer products.
  • ENSCO International (ESV) provides offshore contract drilling services to the oil and gas industry.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
MOS10Earn 29-Jul
POT10Earn 24-Jul
RIG10Earn 6-Aug
RIMM10Earn 25-Sep
BUCY10Earn 24-Jul
CSX10Earn 15-Jul
MA9Earn 31-Jul
FTI8Earn 5-Aug
SWN8Earn 30-Jul
NBL8Earn 30-Jul
KEX7Earn 23-Jul
NOV7Earn 29-Jul
XLNX7Earn 16-Jul
FLR7Split 17-Jul
HAL7Earn 22-Jul
KWK6Earn 6-Aug
VMI6Earn 17-Jul
DVN5Earn 6-Aug
GFA5Earn 5-Aug
ESV5Earn 24-Jul
GDI5Earn 23-Jul

moving down this week
moving up this week
new this week

The market made an interesting dip. I think that it may be making a "W" bottom, and might be inclined to make a small rally, which in my mind would be unsustainable. We'll have to see. (And I'll have to take off some of my short positions to keep some powder dry for the next volley.)

The 1-2-3 method puts stocks in a Red Light mode. We have dropped from 3.5 down to 2 stars on the Inflation Stars, which is interpreted as "Some inflation risk." This is largely because the Basic Materials Index dropped sharply.

I have completed one round of searching for a Forex system to use with TradeStation. I came up with passable numbers for stop loss, profit target, minimum profit, and well as a time stop. However, I am making another pass using a different criterion. I had been using maximum profit as a guide, but after re-reading Trade Your Way to Financial Freedom by Van Tharp et. al., I have decided to use expectancy instead. This entails looking at the win amount times the winning percentage minus the loss amount times the losing percentage.

Each currency is generating more than a thousand parameter sets. I will take the top 200 of these and collate these by the Ehler's parameters (there are 4, but I am only scanning through 3 of them). I will add expectancies to identical sets, and reduce the weights for nearby parameters. It'll probably take me a .Net or Java program to do it.

Enjoy trading this week, and watch for a small (but meaningless) bounce up.

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