Weekly Watch List

FFIV
NFLX
BIDU
CXO
ARUN
SINA
ILMN
VIT
INFA
AAPL
SHOO
CTSH
JNPR
PNRA
ORCL
PRGO
EW
MELI
FTI
VAR
IGTE

Additions:
ARUN
CTSH
EW
FTI
JNPR
PNRA
PRGO
VAR

Subtractions:
AKAM
ARMH
FMCN
HLF
LFL
RADS
SOA

Last week, the major indexes continued to grind higher with the Nasdaq up 1.8%, the S&P 500 gaining 1.3%, the NYSE composite adding 0.9%, and the Dow ahead 0.2%. The IBD outlook remains at “market in confirmed uptrend”. Watch for breakouts from proper bases on above average volume.

This week, BIDU is, once again, the only one of the watch list stocks close to a potential buy point. BIDU, trading at $107.86, has formed a square box base with a buy point of $115.14. Wait to see if it breaks out above the buy point on above average volume.

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