Weekly Watch List

ALXN (7/24/11, +12.16%)
LULU (8/28/11, +6.61%)
MA (9/24/11, +0.00%)
FCFS (9/24/11, +0.00%)
DLTR (9/4/11, +6.60%)
NUS (8/28/11, +14.06%)
RGLD (7/30/11, +11.44%)
BWLD (8/9/11, +5.42%)
HUM (8/9/11, +10.65%)
DG (9/4/11, +1.36%)
SHPGY (9/24/11, +0.00%)
TJX (9/24/11, +0.00%)

FCFS (9/24/11, +0.00%)
MA (9/24/11, +0.00%)
SHPGY (9/24/11, +0.00%)
TJX (9/24/11, +0.00%)

CXO (9/17/11, -15.22%)
HS (8/28/11, -7.66%)

Last week, the major indexes were crushed in their worst week in years. The NYSE composite cratered 7.9%, the S&P 500 plunged 6.5%, the Dow dived 6.4% and the Nasdaq dropped 5.3%. Wednesday’s negative action on volume pushed the IBD outlook over to “uptrend under pressure” and Thursday’s vicious pummeling threw it down to “market in correction”. Don’t make any new purchases, keep a short leash on your portfolio, and don’t let profits turn into losses. Head back for the sidelines and wait for the dust to settle.

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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