Weekly Watch List


ALXN (7/24/11, +8.61%)
LULU (8/28/11, -6.92%)
FCFS (9/24/11, -5.65%)
MA (9/24/11, -5.90%)
DLTR (9/4/11, +5.52%)
NUS (8/28/11, +4.70%)
DG (9/4/11, +4.71%)
SHPGY (9/24/11, +3.71%)
HUM (8/9/11, +4.41%)
TJX (9/24/11, -1.94%)
LO (10/2/11, +0.00%)

Additions:
LO (10/2/11, +0.00%)

Subtractions:
BWLD (8/9/11, +6.24%)
RGLD (7/30/11, -0.06%)

Last week, the major indexes ended mixed. The Dow gained 1.3%, the NYSE composite inched up 0.3%, the S&P 500 dipped 0.4%, and the Nasdaq lost 2.7%. The IBD outlook remains at “market in correction”. Keep playing portfolio defense and wait for the next uptrend to emerge before jumping back in.

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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