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

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