Weekly Watch List


LULU
NFLX
FOSL
AGP
HS
BIDU
INFA
ILMN
ARUN
PRGO
EW
CVLT
LCAPA
AAPL

Additions:
AAPL
CVLT
LCAPA

Subtractions:
ORCL

Last week, the major indices all continued to motor lower. The NYSE composite gave up 2%, as the Dow, Nasdaq, and S&P 500 each lost 2.3%. Almost miraculously on Tuesday, the Nasdaq’s positive 1.4% move, on higher volume, constituted a follow through day and triggered the IBD outlook to change to “confirmed uptrend”. However, Wednesday’s across the board drubbing bludgeoned the IBD outlook right back to “market in correction”. So far, this prolonged downtrend has been orderly, although no one seems to be talking about “green shoots” anymore. The “double dip” catch phrase is creeping back into the lexicon.

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: