Weekly Watch List


LULU (6/25/11, 0.00%)
FOSL (3/12/11, +37.38%)
NFLX (7/30/10, +150.57%)
HS (3/5/11, +20.46%)
AGP (3/5/11, +9.61%)
INFA (10/16/10, +53.21%)
PRGO (4/2/11,+7.46%)
ILMN (5/7/11, +2.56%)
HUM (6/11/11, +2.80%)
ARUN (6/25/11, 0.00%)
CVLT (6/4/11, +2.33%)

Additions:
ARUN (6/25/11, 0.00%)
LULU (6/25/11, 0.00%)

Subtractions:
DSW
EW
MDCO

Last week, the major indexes ended mixed again. The Nasdaq gained 1.4%, the S&P 500 slumped 0.2%, the NYSE slid 0.3, and the Dow lost 0.6%. The IBD outlook remains at “market in correction”. The indexes, so far, have been finding support near their 200 day moving averages. If they can’t hold these levels, things could get really ugly. Unfortunately, there doesn’t seem to be much good news on the horizon that could provide a near term upside catalyst. Hopefully, these low equity prices just might tempt bargain hunting value investors to step in, catch the falling knife, and put in some manner of market bottom. We’ll see.

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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