Weekly Watch List


DDD (10/28/12, -10.85%)
VAL (7/01/12, +7.96%)
LMCA (11/12/12, -2.48%)
TDG (9/9/12, -10.28%)
SNI (11/18/12, +0.00%)
PII (9/23/12, -1.53%)
MA (10/14/12, -1.85%)
JAH (9/9/12, +1.31%)

Additions:
SNI (11/18/12, +0.00%)

Subtractions:
EBAY (10/7/12, -3.02%)

Last week, all the major U.S. indexes ceded more ground. The Dow and NASDAQ each lost 1.8%, the NYSE composite shed 1.5%, and the S&P 500 gave up 1.4%. The IBD outlook remains at “market in correction”. It was another poor week for equities and there’s still more room to the downside between where we are now and anything resembling what might be construed as market support levels. That said, the week did end with the first day of a new market rally attempt due to renewed talk of bipartisan political cooperation toward finding a solution to the U.S. fiscal crisis. Is this sudden, new found optimism for real or just a head fake? It’s most likely a head fake, but we’ll probably have to wait to find out until sometime after the upcoming holiday shortened, lower volume trading week. If you’ve moved to cash during this correction, Thanksgiving should be that much more enjoyable and worry free.

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:

ADSK
AVT
CSTR
CTRP
ERJ
IM
LRCX
UAL

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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