Wednesday, October 8, 2008

Stocks for the week of Oct 5

These are the stocks that are passing at least three of my five filters, for the week of October 5. It is an unusual week in that the markets, the Congress, and the Fed are all providing lots of entertainment.

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
FLIR111 1A+
AFAM 111 A+
AMED 11 1A+
BWLD  111A+
CELG1 1 1A+
EZPW111  A+
MANT 11 1A+
OSIP 11 1A+
PRGO 11 1A+
ARO 11 1A
URBN 11 1A

JOY and MON are off the core list. AMED, MANT, and OSIP are new. Amedisys provides home health and hospice services. ManTech provides technologies and solutions for national security programs in the United States and internationally. (Any Alias fans out there?) OSI Pharmaceuticals discovers, develops, and commercializes molecular targeted therapies for oncology, diabetes, and obesity in the United States and internationally. (All growing problems here.)

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
ARO10Earn 3-Dec
FLIR10Earn 23-Oct
CELG7Earn 23-Oct
URBN6Earn 13-Nov
ESV5Earn 23-Oct
HAL5Earn 20-Oct
NOV5Earn 23-Oct
RIMM5Earn 18-Dec
XLNX5Earn 15-Oct
BUCY5Earn 23-Oct
VMI5Earn 15-Oct
AMED5Earn 28-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 two-and-a-half an inflation stars ("deflation").

Mr. Market is quite beside himself with a deep blue funk. Even an interest rate cut and the passing of the TARP brings no cheer.

My advice? Run for the hills. Get out of long positions, or balance your longs with carefully chosen shorts. Get out of debt. Grow food for yourself. Yes, the market might still go up 400 points in the next day or three, but it will undoubtedly turn out to be a sucker's rally.

Enjoy your trading this week. Remeber that cash is a position, too.

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