Weekly Watch List

AAPL (4/29/12, +9.99%)
ALXN (7/24/11, +80.98%)
TFM (6/17/12, +18.91%)
ROST (7/22/12, +4.10%)
TJX (3/25/12, +18.74%)
ULTA (8/19/12, +1.21%)
VAL (7/01/12, +0.70%)
JAH (8/5/12, +2.27%)
DG (4/8/12, +5.17%)
EBAY (8/26/12, +0.00%)

Additions:
EBAY (8/26/12, +0.00%)

Subtractions:
None

Last week, the major U.S. indexes broke their multi-week winning streak and edged lower. The NASDAQ faded 0.2%, the S&P 500 gave up 0.5%, the NYSE composite moved down 0.7%, and the Dow lost 0.9%. The IBD outlook remains at “confirmed uptrend”. Despite losing some ground, volume remained extremely low and none of the indexes picked up any additional distribution days. Volume should continue to be depressed this week as the markets wait to see what the world’s central bankers have to say at Friday’s Jackson Hole conference.

This week none of the watch list stocks are at or near proper buy points.

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

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Weekly Watch List

AAPL (4/29/12, +7.48%)
ALXN (7/24/11, +73.47%)
ROST (7/22/12, +3.47%)
TFM (6/17/12, +16.65%)
TJX (3/25/12, +18.85%)
ULTA (8/19/12, +0.00%)
DG (4/8/12, +8.75%)
VAL (7/01/12, -0.42%)
JAH (8/5/12, +2.84%)

Additions:
ULTA (8/19/12, +0.00%)

Subtractions:
GNC (7/01/12, -8.80%)

Last week, the major U.S. indexes climbed higher again. The NASDAQ jumped 1.8%, the S&P 500 moved up 0.9%, the NYSE composite rose 0.7%, and the Dow added 0.3%. The IBD outlook remains at “confirmed uptrend”. The slow motion rally continues, ride it until the market actually tells you it’s over, don’t fight the tape, embrace it. Barring some unexpected news, volume should continue to be extremely quiet next week.

This week five watch list stocks are at or near proper buy points. AAPL, trading at $648.11, is still barely within 5% of a $619.97 buy point after breaking out of a 5th stage cup with handle base on low volume. ROST, trading at $69.47, has formed another 5th stage flat base with a potential $70.14 buy point. TFM, trading at $60.39, is still within 5% of a $57.96 buy point after breaking out of a 2nd stage double bottom base. TJX, trading at $45.91, broke past the $45.49 buy point of a four weeks tight pattern. VAL, trading at $52.27, has formed a 2nd stage flat base on base pattern with a potential buy point of $53.85.

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

Weekly Watch List

ALXN (7/24/11, +75.35%)
AAPL (4/29/12, +3.10%)
ROST (7/22/12, +0.03%)
TFM (6/17/12, +13.56%)
TJX (3/25/12, +15.09%)
VAL (7/01/12, +0.19%)
GNC (7/01/12, -3.27%)
DG (4/8/12, +9.64%)
JAH (8/5/12, +2.61%)

Additions:
None

Subtractions:
EBAY (8/5/12, -1.15%)
MNST (10/16/11, +15.03%)
ULTA (4/8/12, -10.20%)

Last week, the major U.S. indexes continued to move higher. The NASDAQ added 1.8%, the NYSE composite tacked on1.3%, the S&P 500 rose 1.1%, and the Dow moved up 0.9%. The IBD outlook remains at “confirmed uptrend”. We’re in the August doldrums, Congress and Europe are on vacation and out of the headlines, and the major indexes have broken through key psychological resistance levels to the upside on low volume. As they say, no news is good news and there don’t seem to be any obvious obstacles standing in the way of the ongoing, slow motion market melt up.

This week five watch list stocks are at or near proper buy points. AAPL, trading at $621.70, broke out of a 5th stage cup with handle base on low volume and is just above a $619.97 buy point. ROST, trading at $67.16, is still within 5% of a $64.89 buy point, off of a 5th stage flat base, and has also found support at its 10 week line. TFM, trading at $56.79, broke out of a 2nd stage double bottom base on low volume and has settled back down to just below a $57.96 buy point. TJX, trading at $44.46, has drifted back down to within 5% of a $42.91 buy point, off a 2nd stage flat base, and has also formed a four weeks tight pattern with a $45.49 buy point. VAL, trading at $52.59, is in buy range up to $56.43 after finding solid support at its 10 week line and is also forming a 2nd stage base on base pattern with a buy point of $53.85.

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

Weekly Watch List

ALXN (7/24/11, +81.35%)
AAPL (4/29/12, +2.11%)
TFM (6/17/12, +17.04%)
GNC (7/01/12, +0.03%)
ROST (7/22/12, +1.46%)
DG (4/8/12, +9.91%)
TJX (3/25/12, +16.77%)
MNST (10/16/11, +41.54%)
ULTA (4/8/12, -7.64%)
VAL (7/01/12, -5.20%)
JAH (8/5/12, +0.00%)
EBAY (8/5/12, +0.00%)

Additions:
EBAY (8/5/12, +0.00%)
JAH (8/5/12, +0.00%)

Subtractions:
MA (9/24/11, +25.84%)
VRSK (7/15/12, -6.46%)

Last week, the major U.S. indexes moved higher once again. The S&P 500 gained 0.4%, the NASDAQ and the NYSE composite both added 0.3%, and the Dow tacked on 0.2%. Despite picking up two distribution days on each of the indexes last week, the IBD outlook remains at “confirmed uptrend”. Earnings season is winding down and there’s no scheduled news events on the near term horizon that would be an obvious catalyst. So far, this new uptrend hasn’t been particularly impressive, but it’s an uptrend nonetheless. You should be taking on some risk until the market action tells you otherwise.

This week two watch list stocks are at or near proper buy points. AAPL, trading at $615.70, has formed a 5th stage cup with handle base, with a potential $619.97 buy point. ROST, trading at $68.12, is still barely within 5% of a $64.89 buy point, off of a 5th stage flat base, and has also found support at its 10 week line.

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