Monday, January 12, 2009

Stocks for the week of Jan 12

Here are the stocks that are passing at least three of my five filters, for the week of Jan 12.

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
AFAM1111 A+
COCO 11 1A+
MANT 11 1A+
VIVO 11 1A
BCR 11 1A
CAI 11 1A


The core list is in the same as last week.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
AMED8Earn 17-Feb
BCR8 
AXYS7 
APOL7Earn 8-Jan
MANT7 
CELG6Earn 29-Jan
AFAM6 
CAI6Earn 28-Jan
COCO6 
GWR5 
VIVO5 

moving down this week
moving up this week
new this week

The Market has turned to Yellow Light mode according to the 1-2-3 model. This is because the S&P P/E ratio has dropped below 17.0. (I read a good article from http://hussmanfunds.com about the changing duration of stocks and bonds. John Hussman thinks the market has moved from ridiculously overpriced to about right.) The Inflation Model is close to toward neutral, remaining at negative one inflation star ("deflation").

What am I looking at as far as stocks go? I'm not ready to jump in with both feet, and won't become a raging bull until the 1-2-3 model turns back to green. But I am taking a peek at some high-dividend-yielding stocks. There are some mining stocks and some energy stocks that are yielding safely in the double digits. Gold may be at a short-term high, but it seems to be in an uptrend. So that's where I'm doing my research: for stocks with a fat dividend and waiting for gold to put in a bullish divergence.

House work continues. John came by to help get some of the solar panels rewired to pass code. And I climbed up on the roof to change the terminus from PVC pipe to a steel "weatherhead," which is what the electrical inspector asked for.

Have fun trading this week.

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