Weekly Watch List


IGTE
BIDU
NFLX
FFIV
CXO
APKT
LFL
VIT
ILMN
ARMH
AAPL
HLF
INFA
SINA
SOA
RADS
SHOO
AKAM
ORCL
NOG
FMCN
BBD
MELI

Additions:
BBD
FMCN
LFL
MELI
VIT

Subtractions:
LFT

Last week, the major indexes ended nearly unchanged. The NYSE composite gained 0.2%, the Dow inched up 0.1% and the S&P 500 and Nasdaq finished the week flat. However, Tuesday’s triple digit loss on volume was enough to change the IBD outlook to “market in correction”. Think about taking profits, don’t let any profit turn into a loss, and never take a loss of more than 7-8% on anything. Avoid making any new purchases until the next confirmed uptrend surfaces.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

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

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