Weekly Watch List


TDG (9/9/12, +4.56%)
ALGN (9/16/12, -0.21%)
FLT (9/2/12, +5.72%)
FRAN (9/23/12, +2.02%)
AAPL (4/29/12, +8.22%)
VAL (7/01/12, +13.83%)
JAH (9/9/12, +10.03%)
PNRA (9/23/12, -0.41%)
PII (9/23/12, +2.00%)
TFM (9/23/12, +3.32%)
CF (9/9/12, +3.23%)
XXIA (10/7/12, +0.00%)
TDC (9/30/12, +0.34%)
EBAY (10/7/12, +0.00%)

Additions:
EBAY (10/7/12, +0.00%)
XXIA (10/7/12, +0.00%)

Subtractions:
ALXN (7/24/11, +100.32%)
ROST (9/9/12, -2.98%)
TJX (3/25/12, +17.53%)

Last week, all the major U.S. indexes gained ground. The NYSE composite jumped 1.6%, the S&P 500 added 1.4%, the Dow tacked on 1.3%, and the NASDAQ inched up 0.6%. The IBD outlook remains at “confirmed uptrend”. Even though the U.S. markets moved up for the week, all the indexes added another distribution day to already somewhat elevated levels, so proceed with appropriate caution. This week, Alcoa kicks off another earnings season after the close Tuesday. Between earnings, the upcoming U.S. elections, and more inevitable international drama, there’ll be plenty of potential near term catalysts for the markets to digest and react to.

This week five of the watch list stocks are at or near proper buy points. JAH, trading at $55.49, broke out of a three weeks tight pattern and is still within 5% of a $54.36 buy point. PNRA, trading at $169.39, is still within 5% of a $164.10 buy point, off of a 1st stage cup with handle base. CF, trading at $221.92, is still in buy range up to $229.16, after finding support at its ten week line. XXIA, trading at $16.64, broke out of a 2nd stage flat base and is still within 5% of a $16.50 buy point. TDC, trading at $75.67, is still within 5% of a $73.84 buy point, off of a 2nd stage double bottom base.

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

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