GNC (3/18/12, +5.19%)
ALXN (7/24/11, +55.58%)
ULTA (4/8/12, +0.33%)
MA (9/24/11, +30.68%)
MNST (10/16/11, +34.61%)
NUS (4/15/12, +0.00%)
DG (4/8/12, -0.61%)
DLTR (9/4/11, +39.80%)
VRSK (4/8/12, +1.78%)
TJX (3/25/12, +6.19%)
LQDT (12/25/11, +47.13%)
Last week, the major U.S. indexes ended mixed. The Dow gained 1.4%, the NYSE composite added 1.2%, the S&P 500 inched ahead 0.6%, and the Nasdaq lost 0.4%. The IBD outlook remains at “market in correction”. So far, corporate earnings reports have been generally good, but the market seems irrationally fixated on Europe’s woes again and recent U.S. economic data hasn’t been particularly robust. Between the French elections, which are predicted to foreshadow an incoming Socialist president, and the meaty heart of U.S. earnings reporting season, this week should prove to be interesting. Stay above the fray until after the dust settles.
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
The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:
INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.
/How to Make Money Selling Stocks Short by William J. O’Neil