Weekly Watch List

BUCY
NEU
GMCR
PCLN
ASIA
RAX
TLVT
MELI
SIRO
ISRG
BIDU
BCSI
AAPL
SHOO
GES
GOL
WBD

Additions:
GOL

Subtractions:
BWY
GOOG
V

Last week the market indexes all moved higher with the NYSE composite
climbing 3.3%, the S&P 500 up 2.7%, the Nasdaq adding 2.1%, and the Dow moving ahead by 1.8%. This bodes well for 2010 as, historically, the first week of trading is a fairly reliable indicator as to how the rest of the year will go. The IBD outlook remains at “market in confirmed uptrend”, so it’s safe to buy quality stocks at proper buy points.

This week, two watch list stocks are in a proper buy range, PCLN and AAPL. PCLN is trading at $216.21 and still within 5% of a $210.50 buy point, after clearing a bullish short stroke pattern. AAPL is currently trading at $211.98 and still within 5% of a $208.10 buy point, after clearing a flat base.

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