Here's the list for the week of July 7, for stocks passing at least three of the five filters.
|Symbol||Top Ranked||Zacks||PEG||SuppDem||VL||IBD Stock checkup|
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):
|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.