Weekly Watch List


DDD (10/28/12, -0.30%)
TDG (9/9/12, -4.63%)
VAL (7/01/12, +11.91%)
PII (9/23/12, +5.20%)
TFM (9/23/12, -0.37%)
MA (10/14/12, -0.83%)
JAH (9/9/12, +1.05%)
EBAY (10/7/12, -0.08%)

Additions:
None

Subtractions:
PNRA (9/23/12, -1.79%)

Last week, the major U.S. indexes searched for a direction and ended narrowly mixed. The NYSE composite added 0.5%, the S&P 500 inched up 0.2%, the Dow ticked down 0.1%, and the NASDAQ dipped 0.2%. The IBD outlook remains at “market in correction”. As for next week, what’s left to say? The country’s going to choose between two significantly divergent visions for the future. I suspect, in the immediate aftermath of the election, the market will pick a direction and wade into it with gusto. Unless you’re clairvoyant, this is probably one event you don’t want to step out in front of although, if a big follow through day arises, you do want to be ready to pounce on leading stocks breaking out of proper bases. Be sure to vote and then just sit on your cash, watch, and make sure your watch lists are updated. Let’s all hope, either way, there’s a clear winner on Tuesday or early Wednesday and this doesn’t turn into another weeks long scorched earth legal war.

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:

AVT
BIG
BWA
CSTR
PAY
SPN
TSLA
UAL
VMW

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

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One Response

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