Weekly Watch List


DDD (10/28/12, -2.18%)
FLT (11/25/12, +0.00%)
PII (9/23/12, +2.97%)
LMCA (11/12/12, +2.85%)
TDG (9/9/12, -7.75%)
SNI (11/18/12, +2.29%)
MA (10/14/12, +1.66%)
VAL (7/01/12, +17.43%)
JAH (9/9/12, +4.86%)

Additions:
FLT (11/25/12, +0.00%)

Subtractions:
None

Last week, all the major U.S. indexes broke their losing streaks and turned in superb gains, albeit on paltry holiday volume. The NASDAQ rocketed 4.0%, the NYSE composite jumped 3.7%, the S&P 500 vaulted 3.6%, and the Dow leaped 3.3%. IBD strained its own rules by declaring Friday to be a follow through day and changing the IBD outlook to “market in confirmed uptrend”, despite Friday being a half day session with the lowest daily volume of the week. The coming week will put this decision to the test as normal trading resumes Monday, volume picks up, and a slew of significant U.S. economic data unfolds starting Tuesday. If IBD’s uptrend call proves to be correct, it’s time to start putting your cash to work again, so be prepared to act accordingly.

This week one watch list stock is near a proper buy point. VAL, trading at $61.64, broke out of a 2nd stage flat base, on strong volume, and is still within 5% of a $59.91 buy point.

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: