Weekly Watch List

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

Additions:
ABV
RMD

Subtractions:
IGTE

Last week, the major indexes inched higher with the Dow up 0.7%, the S&P 500 adding 0.3%, and the Nasdaq and NYSE composite each ahead by 0.2%. Even so, there was enough negative action to change the IBD outlook to “uptrend under pressure”. Be extremely cautious if you must make new purchases.

This week, CTSH is the only one of the watch list stocks close to a proper buy point. CTSH, trading at $72.40, is still within 5% of a $71.39 buy point.

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