Weekly Watch List


ALXN (7/24/11, +41.48%)
ULTA (11/13/11, +11.73%)
LQDT (12/25/11, +11.57%)
MA (9/24/11, +17.54%)
DLTR (9/4/11, +21.94%)
NUS (8/28/11, +37.73%)
DG (9/4/11, +18.94%)
MNST (10/16/11, +14.75%)
CXO (1/29/12, +3.87%)
AAP (12/11/11, +13.82%)
GOLD (12/11/11, +3.74%)
GWW (1/15/12, +1.76%)
TJX (2/12/12, +0.00%)
CFX (2/12/12, +0.00%)
AUY (1/8/12, +8.52%)

Additions:
CFX (2/12/12, +0.00%)
TJX (2/12/12, +0.00%)

Subtractions:
NSR (2/5/12, -2.03%)

Last week, the major U.S. indexes ended their weeks long winning streak and turned lower. The Nasdaq inched down 0.1%, the S&P 500 faded 0.2%, the Dow gave back 0.5%, and the NYSE composite lost 0.8%. The IBD outlook remains at “confirmed uptrend”. Once again, Greece reared it’s ugly head on Friday and sealed the week’s fate. After so many weeks of run up, it would be perfectly normal to see some kind of pullback in the near future. That said, at this point at least, there is almost no evidence of distribution that would indicate market-moving institutions are in a mood to sell. Keep an eye over your shoulder but continue to ride the tape until the market itself tells you to dismount.

This week, five watch list stocks are at or near proper buy points. MA, trading at $396.14, is still within 5% of a $385.09 buy point after breaking out of a 2nd stage flat base. DLTR, trading at $86.83, has formed and broken past another three weeks tight pattern with a buy point of $86.74. NUS, trading at $53.30, is still within 5% of a $51.77 buy point after breaking out of a 3rd stage flat base. DG, trading at $42.89, broke out of a 2nd stage flat base with a $42.20 buy point, but volume is lacking. CFX, trading at $33.57, found good support at its 10 week line and is in buy range up to $35.62.

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

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