Weekly Watch List

ULTA (11/13/11, -6.65%)
ALXN (7/24/11, +8.71%)
MA (9/24/11, +6.94%)
DLTR (9/4/11, +6.67%)
RGLD (10/30/11, +5.35%)
HANS (10/16/11, -3.56%)
NUS (8/28/11, +22.02%)
DG (9/4/11, +10.12%)
CXO (10/30/11, -4.61%)



Last week, the major indexes took a dive. The Dow lost 2.1%, the S&P 500 gave up 3.8%, the NYSE composite fell 3.9%, and the Nasdaq dropped 4%. The mounting downward pressure culminated on Thursday to break the uptrend’s back and roll the IBD outlook over to “market in correction”. Don’t make new purchases, consider taking profits on any winners, don’t let profits turn into losses, and never take a loss of more than 7-8% on any stock. Between Europe and the worthless “Super Committee”, the probability of more bad news is high. Hunker down and wait for the next uptrend.

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