Thursday, February 5, 2009

Stocks for the week of Feb 2

Here are the stocks that are passing at least three of my five filters, for the week of Feb 2.

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
BCR 11 1A+
COCO 11 1A+
ESI  111A+
MANT 11 1A+
OTEX 11 1A+
AMED 11 1A
CAI 11 1A
CELG 11 1A
ESRX 11 1A
AIR 11 1A-


The core list remains the same as last week.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
BCR10 
MANT10Earn 25-Feb
COCO10 
CAI8Earn 28-Jan
AFAM6 
APOL6 
AMED6Earn 17-Feb
AXYS5Earn 17-Feb
CELG6 
VIVO6 

moving down this week
moving up this week
new this week

The Market has moved back to Red Light mode according to the 1-2-3 model. The S&P P/E ratio jumped back to 19.4. The Inflation Model has moved back to a slightly inflationary stance, and is now at modestly inflationary at a positive one half inflation star ("decreasing inflation").

I'm one of the 35,000 souls who have been let go by the Bank of America. I wish the Bank well as they try to sell off troubled assets and recover from the excesses of Merril Lynch and their CEO.

I was looking for a job within the Bank writing trading tools for the Front Office. That would be right up my alley! But it looks like that job is indefinitely on hold.

I spoke to a friend, Britt, who is writing condors. Sounds like an excellent strategy when the market is in a trading range even though volatility is high.

Have fun trading this week.

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