Weekly Watch List


LQDT (12/25/11, +1.80%)
ULTA (11/13/11, +1.08%)
ALXN (7/24/11, +26.52%)
QCOR (01/02/12, -12.27%)
GOLD (12/11/11, +0.29%)
DLTR (9/4/11, +16.21%)
TSCO (12/04/11, +8.89%)
MA (9/24/11, +0.61%)
DG (9/4/11, +13.70%)
MNST (10/16/11, +2.78%)
GWW (1/15/12, +0.00%)
AUY (1/8/12, +4.39%)
AAP (12/11/11, +1.68%)
NUS (8/28/11, +22.12%)
VRSK (12/18/11, +1.52%)
TJX (11/27/11, +10.89%)
RGLD (10/30/11, -6.38%)
CXO (12/04/11, -3.12%)

Additions:
GWW (1/15/12, +0.00%)

Subtractions:
JAZZ (1/8/12, +2.89%)

Last week, the major U.S. indexes moved higher once again. The Nasdaq gained 1.4%, the NYSE composite rose 1%, the S&P 500 added 0.9%, and the Dow moved up 0.5%. The IBD outlook remains at “confirmed uptrend”. Earnings season picks up steam this week while European downgrades loom large, which will the markets follow?

This week, five watch list stocks are at or near proper buy points. LQDT, trading at $36.68, is still within 5% of a $36.22 buy point. DLTR, trading at $82.75, has shown four weeks of tight closes and is just past a $82.59 buy point. TSCO, trading at $80.59, is still within 5% of a $78.32 buy point. DG, trading at $41.00, is just past a $40.81 buy point. AAP, trading at $71.46, is just above a $71.10 buy point.

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

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