Weekly Watch List


GMCR
PCLN
NEU
BUCY
BIDU
MELI
SIRO
INT
CFSG
ISRG
SHOO
PEGA
ATW
LFT
GOK
BWY
GES
IBN
VRX
LPS
BCSI
ADVS
GOOG
JOSB

Additions:
ADVS
JOSB
LPS

Subtractions:
AM
NVEC
RKT

Last week the market fed the bear a snack, added distribution days, and closed under 10,000. The Dow inched lower 0.2%, the S&P 500 lost 0.7%, the NYSE gave up 0.9%, and the Nasdaq faded 0.1%. Although watch list stocks fared better than the general market, last week’s action was enough for the IBD outlook to be changed to “uptrend under pressure”. Exercise caution with new purchases and keep your portfolio on a short leash.

This week, GMCR is once again the only stock on the watch list that’s in buy range. GMCR, trading at $74.64, is now 4% extended from its $72.10 buy point and is still in buy range up to $75.70.

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

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