The “Top Ten Stocks” for the week of August 29th and access to the “Creme & Sour” lists are available through Premium Content. There are several changes this week included a new stock that leaped to the top of the list.
Now that August is nearly over, MVO data and portfolio updates will begin to show up over the next ten days. In addition, look for a new Power Point presentation on Asset Allocation. This is presentation I will be giving at a Blue Plate Special on September 4th.
Premium Content available for $6.99 per month.
Lowell Herr
Photograph: Northern edge of Kauai, Hawaii
Sphere: Related Content
Look for changes tomorrow when the “Top Ten Stocks” and “Creme List” are posted over on Premium Content. Yesterday’s market drop had a major impact on the Point & Figure (PnF) graphs as many stocks I classified as Bull rotated to Bull-O. To define these terms, go to a PnF graph for Paychex (PAYX). Note the red line has a negative or “Bear” slope. Then move to the far right column and you will see it populated with X’s. I code such a graph as “Bear-X” and then give it a quantitative rating.
Now move on and type in the ticker, JNJ. When I looked at this graph, the blue line has a positive slope and there are X’s in the right-hand column. I call this a “Bull” PnF graph and the best one can find. If the graph is blue or has a positive slope and O’s are in the right-hand column, the stock is coded as Bull-O. This means the overall ranking is positive, but the price is beginning to drop. I would rather see a Bear-X than a Bull-O graph. A Bear-X is a stock with a red or negative slope for the graph, but X’s in the right-hand column.
Getting back to the “Creme List” of stocks, I went through the 140 plus stocks I track and checked every stock that had a PnF rating of “Bull.” Most of those stocks, due to the major downward move in the market, turned from “Bull” to “Bull-O.” When this happens, it shakes up the ranking system and that is why I expect to see changes this week in the “Creme List” and “Top Ten Stocks.”
These lists should be published sometime tomorrow over on Premium Content.
Lowell Herr
Photograph: National Air & Space Museum
Sphere: Related Content
