Weekly Watch List


ALXN (7/24/11, +87.30%)
AAPL (4/29/12, +14.64%)
ALGN (9/16/12, +0.00%)
TDG (9/9/12, +1.45%)
FLT (9/2/12, +3.36%)
TJX (3/25/12, +20.27%)
CF (9/9/12, +4.06%)
VAL (7/01/12, +9.58%)
ROST (9/9/12, -0.13%)
JAH (9/9/12, +6.44%)
EBAY (9/16/12, +0.00%)

Additions:
ALGN (9/16/12, +0.00%)
EBAY (9/16/12, +0.00%)

Subtractions:
None

Last week, all the major U.S. indexes continued to log gains. The NYSE composite jumped 2.7%, the Dow vaulted 2.2%, the S&P 500 surged 1.9%, and the NASDAQ climbed 1.5%. The IBD outlook remains at “confirmed uptrend”. After last week’s Bernanke induced synthetic money sugar high, it wouldn’t be surprising to see a bit of consolidation this week. That said, this rally is the perfect example of why you need to ignore all the noise and focus on what the market is actually doing. If you’d have listened to the negativity of the pundits and impending doom of conventional wisdom for the last month or so, you’d still be sitting on the sidelines. Continue to ride the uptrend until the market tells you it’s over.

This week three of the watch list stocks are at or near proper buy points. ALXN, trading at $110.47, is just past a $110.06 buy point, off of a 4th stage flat base, but good volume is still lacking. TJX, trading at $46.46, has formed a five weeks tight pattern with a potential buy point of $46.77. CF, trading at $223.69, found good volume support at its ten week line and is still in buy range up to $229.16.

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

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