Weekly Watch List


BIDU
LULU
MELI
AAPL
SHOO
VRX
ISRG
CXO
SIRO
CPLA
NETL
HLF
HSNI
VECO
CVLT
CTSH

Additions:
CVLT
CXO

Subtractions:
BCSI
CREE
DSW
LL

Last week all the major indexes trended higher, however, the up sessions were on lighter volume than the down sessions, a bearish indicator. The Nasdaq moved up 3.6%, the Dow and NYSE composite each rose 2.3%, and the S&P 500 added 2.2%. The IBD outlook remains at “market in correction”. Avoid making new purchases and continue playing defense until a new market uptrend establishes itself.

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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