Weekly Watch List

BIDU
LULU
MELI
AAPL
CXO
ISRG
SHOO
VRX
CTSH
CPLA
NETL
HLF
LVS

Additions:
LVS

Subtractions:
DSW
NUAN
SIRO
XRTX

Last week the NYSE composite dropped 2.8%, the S&P 500 lost 2.3%, the Dow
fell 2%, and the Nasdaq slipped 1.7%. Because of Wednesdays action on the Nasdaq, the IBD outlook changed to “market in confirmed uptrend” but then picked up a large distribution day on Friday and ended the week at “uptrend under pressure”, not a particularly positive development.

This week, two of the watch list stocks, BIDU and LULU are possible buy candidates, although with the market uptrend under pressure, proceed with caution. BIDU is trading at $73.20 and recently found support at it’s ten week line, it’s in buy range up to $86.40. LULU is trading at $40.34 and has formed a flawed double bottom pattern, with a $43.95 buy point.

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