Weekly Watch List


ULTA (11/13/11, +2.54%)
ALXN (7/24/11, +11.09%)
MA (9/24/11, +12.09%)
LULU (11/27/11, +7.22%)
DLTR (9/4/11, +15.11%)
RGLD (10/30/11, +9.64%)
TSCO (12/04/11, +0.00%)
HANS (10/16/11, -0.57%)
CXO (12/04/11, +0.00%)
NUS (8/28/11, +22.32%)
VRSK (11/27/11, +5.70%)
DECK (11/27/11, +9.86%)
TJX (11/27/11, +6.05%)
DG (9/4/11, +10.93%)
RL (11/27/11, +4.42%)
SPRD (11/27/11, +6.05%)

Additions:
CXO (12/04/11, +0.00%)
SPRD (11/27/11, +6.05%)
TSCO (12/04/11, +0.00%)

Subtractions:
AAP (11/27/11, +2.94%)

Last week all the major U.S. indexes moved sharply higher. The NYSE vaulted 8.1%, the Nasdaq jumped 7.6%, the S&P 500 gained 7.4%, and the Dow moved up 7.0%. Monday marked the first day of a rally attempt and Wednesday would have been a confirming follow through day, but it came too early. A proper follow through day can’t occur until at least the fourth day of a rally attempt. Therefore, the IBD outlook still remains at “market in correction”. Keep your watch list updated while we wait for a follow through day to confirm a new market 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

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