Weekly Watch List

ALXN (7/24/11, +11.97%)
MA (9/24/11, +6.84%)
DLTR (9/4/11, +11.23%)
RGLD (10/30/11, +9.29%)
HANS (10/16/11, +1.26%)
NUS (8/28/11, +33.36%)
CXO (10/30/11, -1.85%)
DG (9/4/11, +8.87%)



Last week, all the major indexes turned lower. The Nasdaq dipped 1.9%, the Dow gave up 2.0%, the S&P 500 lost 2.5%, and the NYSE composite dropped 3.2%. After the downdraft, on volume, Monday and Tuesday, Greece may as well be a profanity, the IBD outlook slipped to “uptrend under pressure”. Although not recommended, it’s still technically okay to buy stocks. Keep your portfolio on a short leash and don’t let gains turn into losses.

This week, one watch list stock, MA, is near a proper buy point. MA, trading at $360.09, broke out of a second stage cup base with a buy point of $362.04, on good volume, and is in buy range up to $378.09.

/as usual, your mileage may vary, always do your own homework

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