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


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: