Here are the stocks that are passing at least three of my five filters, for the week of Feb 16. There are no stocks that are passing four of five filters. I am now using the Investors.com beta version, which has changed the IBD Rank from a letter grade (A+, A, A-, etc.) to a numerical grade (1 to 99). My fifth filter, going forward, will be that a stock is rated at 80 or above, which I believe will be the top quintile.
Symbol | Top Ranked | Zacks | PEG | SuppDem | VL | IBD Stock checkup |
AMED | 1 | 1 | 1 | 99 | ||
APOL | 1 | 1 | 1 | 99 | ||
ESI | 1 | 1 | 1 | 99 | ||
CELG | 1 | 1 | 1 | 98 | ||
COCO | 1 | 1 | 1 | 98 | ||
MANT | 1 | 1 | 1 | 98 | ||
CPSI | 1 | 1 | 1 | 97 | ||
PNRA | 1 | 1 | 1 | 97 | ||
RMD | 1 | 1 | 1 | 97 | ||
BCR | 1 | 1 | 1 | 96 | ||
AIR | 1 | 1 | 1 | 95 | ||
CAI | 1 | 1 | 1 | 94 | ||
CNQR | 1 | 1 | 1 | 87 |
AFAM has dropped off the core list.
Core list (with n of 10 weeks passing):
Symbol | Passing weeks | Earnings |
BCR | 10 | |
COCO | 10 | |
MANT | 10 | Earn 25-Feb |
CAI | 8 | |
AMED | 6 | |
CELG | 6 | |
VIVO | 5 | |
APOL | 5 | |
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 remins at a slightly inflationary stance, and is now at modestly inflationary at a positive one half inflation star ("decreasing inflation"). Interestingly, some of the economic headlines are indicating that wholesale inflation has taken a huge jump, which is not surprising given the volume of the givernment printing presses. (Yes, that was an intentional typo.)
People have been asking me, in various ways, how the stock downturn has affected me. (Besides losing a job in the financial sector?) My answer is that the 1-2-3 model gives me an overview of how much to invest in long stocks. My guideline is that while in Red Light mode, I will not invest more in longs than in shorts. That is, if I go long $1000, then I need to also short $1000 (either through stocks or puts). We have been in Red Light since I have begun tracking it in June (with the exception of 6 weeks of Yellow Light.
On a personal note, I was approached by a recruiter for Ab Initio, and they would seem to be the "best software company you've never heard of." They're based in Boston, but would have a lot of work in Charlotte.
Have fun trading this week.
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