Weekly Watch List

ALXN (7/24/11, +59.07%)
GNC (3/18/12, +2.18%)
LQDT (12/25/11, +29.59%)
ULTA (11/13/11, +29.30%)
MNST (10/16/11, +28.29%)
NUS (8/28/11, +56.72%)
MA (9/24/11, +25.81%)
DG (3/25/12, +0.00%)
DLTR (9/4/11, +33.04%)
TJX (3/25/12, +0.00%)
FAST (3/25/12, +0.00%)

Additions:
DG (3/25/12, +0.00%)
FAST (3/25/12, +0.00%)
TJX (3/25/12, +0.00%)

Subtractions:
None

Last week, the major U.S. indexes ended mixed. The Nasdaq moved up 0.4%, the S&P 500 gave up 0.5%, and the NYSE composite and the Dow each lost 1.1%. The IBD outlook remains at “confirmed uptrend”. On a net basis, the distribution levels remained unchanged. This was the worst week for stocks so far this year. If that’s as bad as it gets, this is going to be a pretty good year. Sooner or later, there will be a correction but, until then, it doesn’t pay to try and outguess the rising tape. Continue to ride the uptrend into the sunset until the market itself tells you to get out.

This week, one watch list stock is near a proper buy point. GNC, trading at $34.63, is still within 5% of a $33.80 buy point, off of a four weeks tight pattern.

/as usual, your mileage may vary, always do your own homework

Weekly Watch List

ALXN (7/24/11, +52.27%)
GNC (3/18/12, +0.00%)
LQDT (12/25/11, +27.34%)
ULTA (11/13/11, +23.84%)
MA (9/24/11, +26.13%)
MNST (10/16/11, +26.54%)
NUS (8/28/11, +52.92%)
DLTR (9/4/11, +31.57%)

Additions:
GNC (3/18/12, +0.00%)

Subtractions:
CATM (3/4/12, -3.36%)
DG (3/4/12, +4.63%)
GWW (1/15/12, +8.12%)
TJX (2/12/12, +10.88%)
VRSK (3/11/12, +0.27%)

Last week, the major U.S. indexes all moved higher. The S&P 500 and the Dow each added 2.4%, the Nasdaq rose 2.2%, and the NYSE composite tacked on 2.1%. The IBD outlook remains at “confirmed uptrend”. There was no new distribution days as the rally continued to plod ahead.

This week, two watch list stocks is are at or near a proper buy points. ALXN, trading at $89.01, broke out of a three weeks tight pattern and is still within 5% of a $87.73 buy point. GNC, trading at $33.71, has formed a four weeks tight pattern and is near a $33.80 buy point.

/as usual, your mileage may vary, always do your own homework

Weekly Watch List

ALXN (7/24/11, +43.66%)
ULTA (11/13/11, +23.40%)
LQDT (12/25/11, +23.54%)
MA (9/24/11, +24.48%)
MNST (10/16/11, +26.26%)
NUS (8/28/11, +51.27%)
DLTR (9/4/11, +30.77%)
TJX (2/12/12, +10.94%)
DG (3/4/12, +3.37%)
GWW (1/15/12, +7.66%)
CATM (3/4/12, -0.98%)
VRSK (3/11/12, +0.00%)

Additions:
VRSK (3/11/12, +0.00%)

Subtractions:
GOLD (2/26/12, -2.87%)

Last week, the major U.S. indexes ended mixed again. The Nasdaq moved up 0.4%, the S&P 500 added 0.1%, the NYSE composite lost 0.3%, and the Dow dropped 0.4%. The IBD outlook remains at “confirmed uptrend”. The indexes all suffered another distribution day on Tuesday and the NYSE composite showed stalling action on Friday, also counting as distribution. In addition, recently, up days are coming on lower volume while down days are coming on higher volume, exactly the opposite of what you want to see in an uptrend. It’s almost certain that if the indexes catch any more distribution in the near future, the market uptrend will be put under pressure. Keep riding the uptrend until it actually turns over but start planning for a possible correction, think about trimming your big winners and laggards. There’s no shame in holding cash, especially if it represents a profit. It’s always better to pay taxes on your winnings rather than give your winnings back in a downturn.

This week, only one watch list stock is still at or near a proper buy point. DG, trading at $44.21, is still barely within 5% of a $42.20 buy point, working from a 2nd stage flat base.

/as usual, your mileage may vary, always do your own homework

Weekly Watch List

ALXN (7/24/11, +44.56%)
ULTA (11/13/11, +17.69%)
LQDT (12/25/11, +20.04%)
MA (9/24/11, +22.48%)
NUS (8/28/11, +47.96%)
MNST (10/16/11, +24.18%)
DLTR (9/4/11, +27.26%)
TJX (2/12/12, +7.92%)
GOLD (2/26/12, -1.48%)
CATM (3/4/12, +0.00%)
DG (3/4/12, +0.00%)
GWW (1/15/12, +5.80%)

Additions:
CATM (3/4/12, +0.00%)
DG (3/4/12, +0.00%)

Subtractions:
CXO (1/29/12, +0.27%)
FIRE (2/26/12, +1.05%)
GNC (2/19/12, -0.25%)
HMSY (2/26/12, -8.03%)

Last week, the major U.S. indexes ended mixed. The Nasdaq gained 0.4%, the S&P 500 added 0.3%, the Dow was flat, and the NYSE composite dropped 0.3%. The IBD outlook remains at “confirmed uptrend”. Distribution showed up across the board again on Wednesday but it was offset by some past distribution days becoming irrelevant due to the passage of time. All in all, the markets pretty much tread water, possibly signaling that the Bulls might need to rest a bit. This week, barring any surprises, expect the markets to trade sideways, with everyone keeping their powder dry leading up to Friday’s employment situation report which, given the current political climate, could prove to manifest cosmic significance.

This week, almost all watch list stocks are now overextended from proper buy points, except for two. DLTR, trading at $90.62, is still within 5% of a $86.74 buy point off of a three weeks tight pattern. DG, trading at $42.77, is still within 5% of a $42.20 buy point, working from a 2nd stage flat base, although accumulation on volume has been lacking.

/as usual, your mileage may vary, always do your own homework