Weekly Watch List

GMCR
PCLN
NEU
CFSG
BIDU
SIRO
MELI
NTES
PEGA
NVEC
BWY
ATW
SHOO
ISRG
LFT
CERN
BCSI
AM
INT
BUCY
GES
IBN
JOSB
ADVS
ILMN

Additions:
ADVS
ILMN
NTES
SIRO

Subtractions:
RKT
TECD

Last week the market lost ground again with the NYSE down 2.2%, the Nasdaq dropping 2.1%, and the Dow and S&P 500 both shedding 1.8% The week wasn’t a disaster, but the economic news wasn’t good and the Bears took advantage of it. Also, the IBD outlook was changed to “uptrend under pressure” after the indexes picked up additional distribution days. This means it isn’t the best time to be making new purchases, keep a short leash on your portfolio, and think about maybe taking some profits and raising cash.

This week, there aren’t any stocks on the watch list that are in buy range.

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