Weekly Watch List


BIDU
LULU
MELI
SHOO
CTSH
NETL
HLF
HSP

Additions:
HSP

Subtractions:
AAPL
ISRG
LFT
VRX

Last week all the major indexes were down sharply again. The Nasdaq plunged 5.9%, the S&P 500 gave up 5%, the NYSE composite slid 4.9% and the Dow dropped 4.5%. After last Wednesday’s high volume selloff, the IBD outlook slipped back 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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