Weekly Watch List


ALXN (7/24/11, +43.49%)
GNC (2/19/12, +0.59%)
LQDT (12/25/11, +22.43%)
ULTA (11/13/11, +13.26%)
MA (9/24/11, +23.32%)
FIRE (2/26/12, +0.00%)
MNST (10/16/11, +19.50%)
NUS (8/28/11, +39.17%)
DLTR (9/4/11, +23.33%)
GWW (1/15/12, +5.38%)
GOLD (2/26/12, +0.00%)
CXO (1/29/12, +6.41%)
HMSY (2/26/12, +0.00%)
TJX (2/12/12, +4.69%)

Additions:
FIRE (2/26/12, +0.00%)
GOLD (2/26/12, +0.00%)
HMSY (2/26/12, +0.00%)

Subtractions:
CFX (2/12/12, +6.29%)

Last week, the major U.S. indexes slogged ahead. The NYSE composite added 0.5%, the Nasdaq gained 0.4%, and the S&P 500 and Dow each tacked on 0.3%. The IBD outlook remains at “confirmed uptrend”. There wasn’t any distribution last week, but there wasn’t any accumulation on volume either, which could indicate the market is stalling out. Still, with the skyrocketing price of oil and the looming threat of military action against Iran, the market is holding up better than might be expected. In any case, ignore the background noise and focus on the actual market action which, at the moment, is telling you that the uptrend is still intact.

This week, two watch list stocks are at or near proper buy points. NUS, trading at $53.86, has drifted back down to within 5% of a $51.77 buy point, working from a 3rd stage flat base. DLTR, trading at $87.82, is just above a $86.74 buy point off of a three weeks tight pattern.

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

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