Weekly Watch List

ALXN (7/24/11, +56.70%)
AAPL (4/29/12, -6.75%)
ULTA (4/8/12, -4.30%)
MNST (10/16/11, +51.72%)
DG (4/8/12, +0.76%)
TJX (3/25/12, +5.80%)
SHFL (5/20/12, +4.96%)
MA (9/24/11, +22.83%)
VRSK (5/20/12, +1.35%)

Additions:
None

Subtractions:
RGR (5/20/12, -3.91%)

Last week, the major U.S. indexes gained ground. The Nasdaq moved up 2.1%, the S&P 500 advanced 1.7%, the NYSE tacked on 1.4%, and the Dow added 0.7%. The IBD outlook remains at “market in correction”. Expect Europe to once again dominate the news cycle leading up until Friday’s release of the U.S. employment report for May. Stay on the sidelines and keep your watch lists updated while we all wait for the next market uptrend to appear.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

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

Bonus content:

The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:

CLD
GM
NRG
OPEN
RDC
SODA
TSO

INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.

/How to Make Money Selling Stocks Short by William J. O’Neil

Weekly Watch List

ALXN (7/24/11, +42.86%)
RGR (5/20/12, +0.00%)
ULTA (4/8/12, -10.23%)
AAPL (4/29/12, -12.04%)
MNST (10/16/11, +45.40%)
TJX (3/25/12, +3.70%)
DG (4/8/12, -3.32%)
SHFL (5/20/12, +0.00%)
MA (9/24/11, +17.07%)
VRSK (5/20/12, +0.00%)

Additions:
RGR (5/20/12, +0.00%)
SHFL (5/20/12, +0.00%)
VRSK (5/20/12, +0.00%)

Subtractions:
DLTR (9/4/11, +33.68%)
FFIV (4/29/12, -17.19%)

Last week, all the major U.S. indexes cratered, the worst week of the year so far. The Nasdaq plummeted 5.3%, the NYSE composite plunged 5%, the S&P 500 dropped 4.3%, and the Dow fell 3.5%. The IBD outlook remains at “market in correction”. Although the U.S. economy is slowly improving, the pace is so slow it’s like watching paint dry. Whether the fears are rational or not, expect U.S. markets to continue to panic at the slightest whiff of more bad news out of Europe. The current downtrend is a perfect example of why you need to pay attention to overall market direction, take profits and limit losses when the markets turn negative, and not fight a freefalling tape. The only safe, painless place to be right now is in cash.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

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

Bonus content:

The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:

NRG

INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.

/How to Make Money Selling Stocks Short by William J. O’Neil

Weekly Watch List

AAPL (4/29/12, -6.02%)
ALXN (7/24/11, +46.30%)
ULTA (4/8/12, -7.45%)
MNST (10/16/11, +51.65%)
DG (4/8/12, -0.11%)
DLTR (9/4/11, +44.24%)
MA (9/24/11, +25.33%)
TJX (3/25/12, +6.78%)
FFIV (4/29/12, -7.49%)

Additions:
None

Subtractions:
NSR (4/29/12, -6.65%)

Last week, all the major U.S. indexes lost ground again. The Dow gave up 1.7%, the NYSE composite lost 1.5%, the S&P 500 dipped 1.1%, and the Nasdaq faded 0.8%. The IBD outlook remains at “market in correction”. It’s hard to say which way the markets will move this week, but the bias would seem to be to the downside. Besides the Facebook IPO, tentatively scheduled for Friday, there’s not much for the Bulls to get excited about. Continue to watch from the sidelines, keep your powder dry and your watch lists updated until the next confirmed uptrend comes along, as it always does.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

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

Bonus content:

The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:

NRG
SODA

INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.

/How to Make Money Selling Stocks Short by William J. O’Neil

Weekly Watch List

ALXN (7/24/11, +47.98%)
AAPL (4/29/12, -6.26%)
ULTA (4/8/12, -7.94%)
DG (4/8/12, +0.72%)
MNST (10/16/11, +41.46%)
MA (9/24/11, +30.46%)
DLTR (9/4/11, +43.06%)
TJX (3/25/12, +8.05%)
FFIV (4/29/12, -3.09%)
NSR (4/29/12, -3.66%)

Additions:
None

Subtractions:
GNC (3/18/12, +10.98%)
VRSK (4/8/12, +4.03%)
WXS (4/29/12, -11.32%)

Last week, all the major U.S. indexes took a pounding. The Nasdaq plummeted 3.7%, the NYSE composite dropped 2.7%, the S&P 500 slid 2.4%, and the Dow lost 1.4%. Friday’s savage beating was the culmination of five straight days of distribution on volume and left no doubt as to why the IBD outlook reverted back to “market in correction”. With the outcomes of this Sunday’s French and Greek elections lurching both countries to the Left politically, don’t expect U.S. markets to react favorably to the news. Circle the wagons again and play defense. Consider taking profits in your winners and culling your losers to raise cash. Don’t let profits turn into losses and never take a loss of more than 7-8% on anything. Okay, so the last uptrend disintegrated after only one week. There will eventually be another uptrend that will work. Hunker down, keep your watch lists updated, and wait it out until then.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

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

Bonus content:

The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:

APKT
NFX
NRG

INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.

/How to Make Money Selling Stocks Short by William J. O’Neil

Follow

Get every new post delivered to your Inbox.

Join 26 other followers