Here are the stocks that are passing at least three of my five filters for the week of May 11.
|Symbol||Top Ranked||Zacks||PEG||SuppDem||VL||IBD Stock checkup|
TNDM is new to the core list. Neutral Tandem links up competitive wireless, wired, and cable telephone companies. It puts them in tandem so that your data or phone call can get from one end of the tin can through the other.
Core list (with n of 10 weeks passing):
|moving down this week|
|moving up this week|
|new this week|
The S&P 500 is again in a cautious Yellow Light mode according to the 1-2-3 model. The Inflation Model has risen sharply to three stars ("inflation danger"), due to XLB rising above its two- and six-month numbers.
Much to my surprise, the market rose 4.4% last week, an astonishingly strong performance. The question in my mind is whether it is a new trend or a bear market rally. It may have put in a double top, which would make shorting more attractive, but this could be wishful thinking on my part. I think I should like to wait for the Exponential Moving Average on the stocks to turn down.
Have a good week trading.