Stocks for the week of Nov 17

These are the stocks that are passing at least three of my five filters, for the week of November 17. This will be a shortened blog entry because there's a lot going on in the household now.

Symbol	Top Ranked	Zacks	PEG	SuppDem	VL	IBD Stock checkup
ALTR		1	1		1	A
AMED		1	1		1	A
CELG	1		1		1	A
RMD		1	1		1	A
AFAM	1	1	1			A+
APOL		1	1		1	A+
AXYS		1	1		1	A+
BCR		1	1		1	A+
CAI		1	1		1	A+
COCO		1	1		1	A+
MANT		1	1		1	A+

URBN and WAB have been removed from the core list.

Core list (with n of 10 weeks passing):

Symbol	Passing weeks	Earnings
AMED	10
ARO	8	Earn 3-Dec
EZPW	8
CELG	8
FLIR	7
PRGO	7
MANT	6
OSIP	5
AXYS	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 has remains at a negative two inflation stars ("deflation").

I am going to cut this short because it is about 10 days late, and another entry will be on its heels.

Stocks for the week of Nov 10

These are the stocks that are passing at least three of my five filters, for the week of November 10. There was one IBD Supply/Demand stocks this week: AFAM.

Symbol	Top Ranked	Zacks	PEG	SuppDem	VL	IBD Stock checkup
AFAM	1		1	1		A+
CELG	1		1		1	A+
FLIR	1		1		1	A+
PRGO		1	1		1	A+
AMED		1	1		1	A+
MANT		1	1		1	A+
CLHB		1	1		1	A+
APOL		1	1		1	A+
BCR		1	1		1	A+
AXYS		1	1		1	A+
EZPW	1	1	1			A
GWR		1	1		1	A
CAI		1	1		1	A-

There are no stocks added to our dropped off the core list this week.

Core list (with n of 10 weeks passing):

Symbol	Passing weeks	Earnings
AMED	10
ARO	9	Earn 3-Dec
EZPW	9
FLIR	8
CELG	8
PRGO	7
OSIP	6
MANT	6
URBN	5	Earn 13-Nov
WAB	5
AXYS	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 has remains at a negative two inflation stars ("deflation").

Last week, I said that the S&P had overhead resistance at 1050. It hit 1006 on Election Day and then turned south. I just wish I had followed my own advice and sold that 1000/1050 bearish call.

Have fun trading this week.

These are the stocks that are passing at least three of my five filters, for the week of November 3. There were no IBD Supply/Demand stocks this week. There were only three IBD top-ranked stocks.

Symbol	Top Ranked	Zacks	PEG	SuppDem	VL	IBD Stock checkup
CELG	1		1		1	A+
EZPW	1	1	1			A+
PRGO		1	1		1	A+
AMED		1	1		1	A+
BCR		1	1		1	A+
AXYS		1	1		1	A+
ARO		1	1		1	A
JOSB		1	1		1	A
CLHB		1	1		1	A
GWR		1	1		1	A
MATK		1	1		1	A
CSX		1	1		1	A-
BIG		1	1		1	A-

VMI is off the core list.

Core list (with n of 10 weeks passing):

Symbol	Passing weeks	Earnings
ARO	10	Earn 3-Dec
EZPW	9	Earn 6-Nov
AMED	9	Earn 28-Oct
FLIR	8
CELG	8
URBN	6	Earn 13-Nov
WAB	6
OSIP	6
PRGO	6	Earn 6-Nov
AXYS	5
MANT	5	Earn 29-Oct

	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 has remains at a negative two inflation stars ("deflation").

The markets showed a remarkable turnaround last week. After a quick gander at the charts, it looks like the NASDAQ has bounced off of 1500 and is approaching a gap at 1900. The big question would be whether it can rise above that gap. My thinking is that it will test it but will have difficulty penetrating it.

The S&P has shown a similar bounce off of 850, to close at 968.75 last Friday. However, it does not have the gap corresponding to the Nasdaq. Instead, it looks like overhead resistance at 1050.

I am still waiting to see what the markets will do. With volatility at extreme highs (above 80 last week), it would seem to make sense to sell calls (and buy further-out calls for protection). Before the market open on Monday, an S&P SPX Dec 1000/1050 bearish call spread will sell for $1915, with a risk of $3085. This would stand to profit if the SPX ends up at or below 1000 by Dec 19 or if the volatility falls. The bear spread I'm describing is not for everybody, but it would make money if things don't go up much, if they stay where they are, or if they fall.

Have fun trading this week.

Stocks for the week of Oct 27

These are the stocks that are passing at least three of my five filters, for the week of October 27. There were no IBD Supply/Demand stocks this week. There were only two IBD top-ranked stocks.

Symbol	Top Ranked	Zacks	PEG	SuppDem	VL	IBD Stock checkup
AMED		1	1		1	A+
CLHB		1	1		1	A+
EZPW	1	1	1			A
GWR		1	1		1	A
JOSB		1	1		1	A
MATK		1	1		1	A
PRGO		1	1		1	A
ARO		1	1		1	A-
BIG		1	1		1	A-

Perrigo Company (PRGO) is back on the core list. It develops and manufactures OTC and prescription pharmaceuticals, as well as nutritional supplements.

Core list (with n of 10 weeks passing):

Symbol	Passing weeks	Earnings
ARO	10	Earn 3-Dec
FLIR	9
EZPW	9	Earn 6-Nov
CELG	8
AMED	8	Earn 28-Oct
WAB	7
URBN	7	Earn 13-Nov
OSIP	6
AXYS	5
MANT	5	Earn 29-Oct
VMI	5
PRGO	5	Earn 6-Nov

	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 has remains at a negative two inflation stars ("deflation").

I thought that the S&P might fall beneath its average P/E of 17.0, but it bounced off of 17.1 and has headed back up to 19.30. Markets continue to struggle and certain sectors are looking more appealing. I have been looking at mining and metals stocks trading below book value. I still haven't seen the technical indicators showing a real strength here, so I am willing to wait.

Some of you have asked where I am putting my money since I have been emphasizing the short side of things. Let me start with the one that didn't work out: Exxon/Mobil. My calls evaporated along with fears of an even higher oil market. The one that did work out was puts on Simon Property Group. I sold puts when the underlying was at $90, and it had the nerve to rise to $93. This stock was bound to fall, though, because it is a Real Estate Investment Trust (REIT) in California commercial real estate. I figured last fall that it would fall because of falling California real estate prices, as well as eroding business margins. It's down to $54.

Have the markets fallen enough, so that they are ready to rise again? I'm going to wait until the charts tell me that this is so. I might still come in too early or too late, but I believe that we normal mortals with no psychic abilities may be able to profit when a trend has reversed and is well underway.

Stocks for the week of Oct 20

These are the stocks that are passing at least three of my five filters, for the week of October 20. There were no IBD Supply/Demand stocks this week. There were only two stocks that were Top Ranked by the IBD.

Symbol	Top Ranked	Zacks	PEG	SuppDem	VL	IBD Stock checkup
AMED		1	1		1	A+
ARO		1	1		1	A
FLIR		1	1		1	A
JOSB		1	1		1	A
MATK		1	1		1	A

CF and FSLR are off the list.

Core list (with n of 10 weeks passing):

Symbol	Passing weeks	Earnings
ARO	10	Earn 3-Dec
FLIR	10	Earn 23-Oct
EZPW	8	Earn 6-Nov
WAB	8	Earn 20-Oct
CELG	8	Earn 23-Oct
URBN	7	Earn 13-Nov
AMED	7	Earn 28-Oct
AXYS	6	Earn 22-Oct
OSIP	6	Earn 22-Oct
MANT	5	Earn 29-Oct
VMI	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 has remains at a negative two inflation stars ("deflation").

John Hussman, a mutual fund manager for whom I have a great deal of respect, says that stocks are no longer overvalued. Not urging us to run out and buy, he is saying that the long-term outlook is the best that it's been for some time, precisely because stocks have been hammered so badly.

I'm conflicted on the idea. I will keep my long/short balance and try to move in or out of long positions slowly.

Stocks for the week of Oct 13

These are the stocks that are passing at least three of my five filters, for the week of October 13. There were no IBD Supply/Demand stocks this week. (No surprise because it was little demand for stocks this week.)

Symbol	Top Ranked	Zacks	PEG	SuppDem	VL	IBD Stock checkup
AMED		1	1		1	A+
ARO		1	1		1	A+
CELG	1		1		1	A+
PRGO		1	1		1	A+
EZPW	1	1	1			A
FLIR		1	1		1	A
OSIP		1	1		1	A
WAB		1	1		1	A
BIG		1	1		1	A-
CSX		1	1		1	A-
URBN		1	1		1	A-

ACI, BUCY, ESV, HAL, NOV, RIMM, SOHU, and XLNX are all off the list. That's the most that ever dropped off at once.

Core list (with n of 10 weeks passing):

Symbol	Passing weeks	Earnings
ARO	10	Earn 3-Dec
FLIR	10	Earn 23-Oct
EZPW	9	Earn 6-Nov
WAB	9	Earn 20-Oct
CELG	8	Earn 23-Oct
AXYS	7	Earn 22-Oct
URBN	7	Earn 13-Nov
AMED	6	Earn 28-Oct
OSIP	6	Earn 22-Oct
CF	5
FSLR	5
MANT	5	Earn 29-Oct
VMI	5	Earn 15-Oct

	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 has remains at a negative one-and-a-half an inflation stars ("deflation"). In the tug-of-war between deflation and inflation, it seems like the Fed is pulling things back in its favor by printing all those dollar bills and stimulating the economy. The banks, however, are holding on to the additional cash as reserves, and not turning around and lending it out. I believe this will make deflationary forces pull back in its favor, and there is nothing that the Fed (or even five other central banks) can do about it.

Another bad week for the markets. Last Friday, the Dow fluctuated between -700 and +300 points on the day, closing down 122 points. I think we might be in line for a dead-cat bounce next week, which might be used to sell some more longs and get some shorts in position.

Remember that cash is a position, too.