Weekly Watch List


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

Additions:
AAPL
CPLA

Subtractions:
COH
DSW

Last week the Nasdaq rose 3%, the NYSE composite was up 2.5%, the S&P
500 gained 2.4% and the Dow ended 2.3% higher. Tuesday’s follow through day on higher volume changed the IBD outlook to “market in confirmed uptrend”. While it’s safe to buy stocks again, be careful, the last uptrend didn’t even last a week.

Three watch list stocks are possible buy candidates this week, .LULU, BIDU, and AAPL. LULU, trading at $44.19, cleared a $44.02 buy point off a cup with handle base. BIDU is trading at $74.09 with a $78.07 buy point. AAPL, trading at $274.07, broke out of a cup with handle base and is still within 5% of a $266.04 buy point.

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

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