Weekly Watch List


BIDU
LULU
SIRO
SHOO
VRX
CPLA
AAPL
ISRG
NETL
MELI
HLF
CTSH
LL
HSNI
BCSI
VECO
DSW
CREE

Additions:
CREE
HSNI
LULU

Subtractions:
ATHR
BRKR
CXO
EL
GRA
HRBN
PCLN
NUS
TSL
WX
XRTX

Last week all the major indexes dropped precipitously. The Nasdaq plunged 7.9%, the NYSE composite dropped 7.5%, the S&P 500 lost 6.4% and the Dow slipped 5.7%. The IBD outlook, not surprisingly, was lowered to “market in correction”. Now is not the best time to be buying stocks. Keep a tight leash on your portfolio. Consider taking profits, don’t let a profit turn into a loss, and never let any loss extend more than 7-8% below your purchase price on any stock.

With the market in correction, none of the watch list stocks can be considered to be in a proper buy range.

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

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