Weekly Watch List

LULU (6/25/11, +11.42%)
ULTA (7/30/11, -5.78%)
ALXN (7/24/11, -10.83%)
NFLX (7/30/10, +137.93%)
PRGO (4/2/11, +10.15%)
CVLT (6/4/11, +1.39%)
RGLD (7/30/11, +6.55%)
BWLD (8/9/11, +11.01%)
AVGO (8/14/11, +0.00%)
INFA (10/16/10, +31.69%)
SHPGY (8/9/11, +6.28%)
HUM (8/9/11, +6.53%)
CXO (8/9/11, +10.92%)

Additions:
AVGO (8/14/11, +0.00%)

Subtractions:
DSW (8/9/11, +1.27%)
FOSL (3/12/11, +13.10%)
NUS (7/30/11, +5.33%)
SWI (8/9/11, +9.55%)

Last week, you needed a cast iron stomach to ride major indexes up and down on massive volume and ridiculously high volatility. In the end, when the roller coaster finally stopped Friday, the S&P 500 gave up 1.7%, the NYSE composite fell 1.6%, the Dow lost 1.5%, and the Nasdaq dipped 1%. The IBD outlook remains at “market in correction”. Will the markets calm down and maybe start a new uptrend, who knows? Don’t try and guess, wait for the markets to prove themselves.

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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