Yet more stock-picking nonsense

(I realize that y'all are still waiting to hear my thoughts about String Theory, but you'll just have to keep waiting.  The stock market is my Shiny New Toy of the Day so that's what I wanna talk about!)

I used the Schwab stock-screen to select

• Schwab Equity Rating = A or B (this eliminates stocks with poor financial controls, and also "weird" stocks that don't have ratings).
• MACD = recent cross above signal line (this is a "buy" signal).
• Price = "Far above" 50-day moving average (this indicates stocks that have been rising a lot).

Of the 5,000 stocks in the Schwab universe, these filters eliminate all but 9 of them:

Symbol	Name	Industry
ATML	Atmel Corp	Semiconductors
RDEN	Elizabeth Arden	Cosmetics
KLIC	Kulicke & Soffa	Semiconductors
LOJN	LoJack Corp	Electronics
MCBC	Macatawa Bank	Banking
OUTD	Outdoor Channel	Cable TV
SHK	Skilled Healthcare Group	Healthcare
CLUB	Town Sports Intl Holdings	Leisure
PAY	VeriFone Systems	Data processing

I immediately discarded MCBC and SHK because the US govt is not adequately regulating either of those industries, so reliable investor info cannot be obtained.  What does Best Charts have to say about the other seven?

	Indicators			Yearly gain			Trades last mo
Symbol	#/16	ITA	MACD	Hold	ITA	MACD	ITA	MACD
ATML	15	Hold	Buy	154%	105%	145%	0	2
RDEN	16	Buy	Buy	69%	23%	-8%	4	2
KLIC	16	Buy	Buy	44%	3%	-3%	2	2
LOJN	14	Hold	Buy	64%	-2%	-28%	3	3
OUTD	14	Hold	Buy	35%	47%	48%	0	2
CLUB	14	Buy	Buy	66%	119%	88%	4	4
PAY	16	Hold	Buy	136%	73%	64%	2	2

The "Yearly gain" columns show how much I would have made if I just held the stock for a year, or traded whenever ITA told me to, or whenever MACD told me to.  Green means the momentum-trading program would have yielded *more* money than just holding the stock for a year; orange means at least 66% as much (but with less worry); red for not even that much.  I'm not sure what the negative numbers truly mean.  Perhaps some stocks have poor momentum and so trying to time them produces nothing but losses.

The "Trades last mo" columns indicate how many trades these indicators would have had me do in the last 30 days.  A whole bunch of trades one after another just isn't very realistic.

So, based on these results, I have purchased ATML (whose products I used to use at Company ℱ) and OUTD (whose channel I never watch).  Based on recent history, I expect to hold OUTD for two weeks, ATML for 2-4 weeks (until MACD says sell).