Saturday, October 11, 2008

Stocks for the week of Oct 13

These are the stocks that are passing at least three of my five filters, for the week of October 13. There were no IBD Supply/Demand stocks this week. (No surprise because it was little demand for stocks this week.)

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
AMED 11 1A+
ARO 11 1A+
CELG1 1 1A+
PRGO 11 1A+
EZPW111  A
FLIR 11 1A
OSIP 11 1A
WAB 11 1A
BIG 11 1A-
CSX 11 1A-
URBN 11 1A-


ACI, BUCY, ESV, HAL, NOV, RIMM, SOHU, and XLNX are all off the list. That's the most that ever dropped off at once.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
ARO10Earn 3-Dec
FLIR10Earn 23-Oct
EZPW9Earn 6-Nov
WAB9Earn 20-Oct
CELG8Earn 23-Oct
AXYS7Earn 22-Oct
URBN7Earn 13-Nov
AMED6Earn 28-Oct
OSIP6Earn 22-Oct
CF5 
FSLR5 
MANT5Earn 29-Oct
VMI5Earn 15-Oct

moving down this week
moving up this week
new this week

The Market remains in Red Light mode according to the 1-2-3 model. The Inflation Model has remains at a negative one-and-a-half an inflation stars ("deflation"). In the tug-of-war between deflation and inflation, it seems like the Fed is pulling things back in its favor by printing all those dollar bills and stimulating the economy. The banks, however, are holding on to the additional cash as reserves, and not turning around and lending it out. I believe this will make deflationary forces pull back in its favor, and there is nothing that the Fed (or even five other central banks) can do about it.

Another bad week for the markets. Last Friday, the Dow fluctuated between -700 and +300 points on the day, closing down 122 points. I think we might be in line for a dead-cat bounce next week, which might be used to sell some more longs and get some shorts in position.

Remember that cash is a position, too.

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