Weekly Watch List


LULU (6/25/11, -6.65%)
FOSL (3/12/11, -5.54%)
NFLX (7/30/10, +126.44%)
ULTA (7/30/11, -15.18%)
ALXN (7/24/11, -17.31%)
CVLT (6/4/11, +1.21%)
PRGO (4/2/11, +2.60%)
NUS (7/30/11, -1.12%)
SWI (8/9/11, +0.00%)
BWLD (8/9/11, +0.00%)
RGLD (7/30/11, +0.59%)
INFA (10/16/10, +26.56%)
SHPGY (8/9/11, +0.00%)
HUM (8/9/11, +0.00%)
DSW (8/9/11, +0.00%)
CXO (8/9/11, +0.00%)

Additions:
BWLD (8/9/11, +0.00%)
CXO (8/9/11, +0.00%)
HUM (8/9/11, +0.00%)
SHPGY (8/9/11, +0.00%)
SWI (8/9/11, +0.00%)

Subtractions:
AVGO (7/24/11, -22.88%)
HS (3/5/11, -17.49%)

Last week, it was panic time for all the major indexes. The Dow fell 5.8%, the S&P 500 dropped 7.2%, the Nasdaq plummeted 8.1% and the NYSE composite plunged 8.2%. The IBD outlook remains at “market in correction”. Cash is where it’s at for the time being, eventually this situation will bottom out and allow for a new uptrend to take hold.

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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