Weekly Watch List

NFLX
BIDU
MELI
CMG
APKT
CXO
ARMH
HLF
SHOO
PRGO
AAPL
RADS
AKAM
SOA
SINA
LXK
HAS
ORCL
EW
NOG
DD
EL

Additions:
DD
EL
EW
HAS
LXK
NOG
ORCL
SOA

Subtractions:
CMI
FCFS
HMIN
IGTE
PPO
SAM
SAN

Last week, all the major indexes ended mixed and mostly flat. The NYSE composite inched up 0.5%, the S&P 500 gave up 0.2%, the Dow dropped 0.3%, and the Nasdaq lost 0.4%. The IBD outlook remains at “market in confirmed uptrend”. The indexes seem to be hitting overhead resistance.

This week, three watch list stocks, MELI, SHOO, and PRGO are at or near proper buy points. MELI, trading at $71.35, has formed a four weeks tight pattern with a buy point of $76.91. SHOO, trading at $41.20, is still within 5% of a $40.27 buy point. PRGO, trading at $64.47, broke out of a cup with high handle base and then pulled back to just below its $65.48 buy point.

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