Weekly Watch List


BIDU
LULU
MELI
SHOO
VRX
ISRG
NETL
CTSH
HLF
COH
DSW
LVS

Additions:
COH
DSW

Subtractions:
AAPL
CPLA
CXO

Last week the NYSE composite ended ip 3.2%, the Dow tacked on 2.8%, the S&P 500 added 2.5%, and the Nasdaq rose 1.1%. Even though the major indexes all ended higher for the week, last Tuesdays negative action, which undercut recent lows, was enough to turn the IBD outlook back over to “market in correction”. While waiting for the next uptrend to be confirmed, avoid new buys, don’t let profits turn into losses, and never take a loss of more than 7-8% 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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