Weekly Watch List

GMCR
PCLN
NEU
BIDU
NVEC
BWY
PEGA
JOSB
SHOO
GES
RKT
INT
TECD
ISRG
IBN

Additions:
BIDU
BWY
IBN
INT
SHOO

Subtractions:
BCSI
CERN
ROST
SNDA
WBD

Last week the market moved higher, the Nasdaq and NYSE composite were up 3.1%, the S&P 500 tacked on 2.6%, and the Dow gained 1.7%. On Thursday, IBD changed their outlook to “market in confirmed uptrend” after the NYSE, S&P 500,and Nasdaq closed at yearly highs on Wednesday, meaning it’s safe to buy stocks again. Personally, I remain a bit skeptical as to what, exactly, is fundamentally supporting this uptrend but, as they say, don’t fight the tape.

This week there are two stocks on the watch list that are potential buy candidates, BIDU and PEGA. BIDU is in buy range up to $387.01 after clearing a $368.59 buy point from a flat base. PEGA is in buy range up to $34.91 after recently finding support at its ten week line.

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