Weekly Watch List

ULTA (11/13/11, +2.36%)
MA (9/24/11, +11.98%)
ALXN (7/24/11, +10.31%)
GOLD (12/11/11, +0.00%)
DLTR (9/4/11, +15.92%)
RGLD (10/30/11, +8.49%)
TSCO (12/04/11, +1.74%)
HANS (10/16/11, +2.94%)
CXO (12/04/11, -2.25%)
DG (9/4/11, +12.15%)
NUS (8/28/11, +27.16%)
TJX (11/27/11, +7.66%)
RL (11/27/11, +6.04%)
DECK (11/27/11, +6.60%)
AAP (12/11/11, +0.00%)

AAP (12/11/11, +0.00%)
GOLD (12/11/11, +0.00%)

LULU (11/27/11, +3.33%)
SPRD (11/27/11, -5.10%)
VRSK (11/27/11, +4.74%)

Last week, the major U.S. indexes were volatile, but finished slightly higher. The Dow gained 1.4%, the S&P 500 moved up 0.9%, the Nasdaq gained 0.8%, and the NYSE composite tacked on 0.7%. The IBD outlook remains at “market in correction”. They put a patch on Europe, but they didn’t fix it. The markets could easily go either way in a hurry here. Keep your powder dry, protect any gains and cut losses short. Don’t make any new purchases unless Santa shows up with a confirmed rally, an approximate 2% session gain on one or more of the major indexes, on volume greater than the day before.

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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