Weekly Watch List


ARUN
BIDU
FOSL
NFLX
AGP
SINA
HS
CXO
BTU
INFA
CTSH
CVLT
ILMN
EW
ORCL

Additions:
CVLT
ILMN
ORCL

Subtractions:
PRGO

Last week, all the major indices moved higher. The Nasdaq vaulted 3.8%, the Dow jumped 3.1%, the S&P 500 added 2.7% and the NYSE composite rose 2.5%. Even though these gains were encouraging, they came on low volume, indicating a lack of institutional participation, and so the IBD outlook remains at “market in correction”. Keep your watch lists updated and look for a follow through day, confirming a new uptrend, where one or more of the indices advance over 2% on heavy volume.

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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