Here are the stocks that are passing at least three of my five filters for the week of Jun 22.
|Symbol||Top Ranked||Zacks||PEG||SuppDem||VL||IBD Stock checkup|
PNRA has fallen off the core list. TXRH is new to the list. Texas Roadhouse runs a chain of steakhouses. I am not sure why restaurants are still making the core list. Don't they know there's a recession going on?
Core list (with n of 10 weeks passing):
|moving down this week|
|moving up this week|
|new this week|
With its fall below its 45-week moving average, the markets have slipped into Red Light mode according to the 1-2-3 model. This means that it is a bad time to own stocks. The Inflation Model is up to three-and-a-half stars ("inflation danger").
This is a worrisome situation. Stocks had managed to just touch positive territory for the year, only to fall back. I keep hearing about the "green shoots" (the start of economic recovery) but Wall Street seems unconvinced.
Many things are indicating caution, so please approach any purchases with caution.