Last week all the indexes were up for the second time in a row with the Nasdaq gaining 2.6%. the Dow 2.5% higher, and the S&P 500 and NYSE composite both advancing 2.3%. Also, Monday’s positive action on higher volume put the IBD outlook back to “market in confirmed uptrend”. However, all the indexes took a distribution day Thursday, putting a dent in the new uptrend. It’s okay to make new purchases again, just be careful, the upside volume still hasn’t shown up with any enthusiasm.
This week, no watch list stocks are in a buy range.
/as usual, your mileage may vary, always do your own homework