Weekly Watch List

BIDU
LULU
MELI
ISRG
SHOO
VRX
CPLA
SIRO
NETL
DSW
HLF
CREE
INFA

Additions:
CREE
DSW
INFA

Subtractions:
AAPL
CTSH
CVLT
CXO
HSNI
VECO

Last week was a downside disaster with the Nasdaq plummeting 5%, the NYSE composite plunging 4.3%, the S&P 500 diving 4.2%, and the Dow giving up 4%. The IBD outlook obviously remains at “market in correction”. Even though Friday’s action was a tentative ray of hope, don’t try and catch the falling knife, sit tight and play 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