Weekly Watch List

DDD (10/28/12, +19.71%)
FLT (11/25/12, +2.20%)
LMCA (11/12/12, +7.60%)
PII (12/16/12, +7.60%)
PIR (12/30/12, +0.00%)
EBAY (12/02/12, -5.70%)
MA (10/14/12, +2.05%)

Additions:
PIR (12/30/12, +0.00%)

Subtractions:
None

Last week all the major U.S. indexes moved lower. The NASDAQ slumped 2.0%, the S&P 500 and the Dow each shed 1.9%, and the NYSE composite dropped 1.5%. The IBD outlook worsened to “uptrend under pressure”. Look out below, it’s over the cliff we go! As of late Sunday night, the squabbling politician children still hadn’t reached a compromise and any deal they might put together at the last minute is surely going to be lame and nowhere near what the U.S. economy and markets are clamoring for and deserve to see. The good news is that the “fiscal cliff” obsession will be behind us, the bad news is that the current uptrend is barely hanging on by its fingernails. Prepare to play defense.

This week one watch list stock is near a proper buy point. LMCA, trading at $114.08, is just above a $113.44 buy point off of a 2nd stage cup with handle base.

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

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Weekly Watch List

DDD (10/28/12, +21.68%)
FLT (11/25/12, +2.69%)
LMCA (11/12/12, +8.45%)
PII (12/16/12, +4.61%)
EBAY (12/02/12, -2.78%)
MA (10/14/12, +4.27%)

Additions:
None

Subtractions:
AMCX (12/09/12, -4.87%)

Last week all the major U.S. indexes turned higher. The NASDAQ climbed 1.7%, the NYSE composite added 1.3%, the S&P 500 gained 1.2%, and the Dow inched up 0.4%. The IBD outlook remains at “confirmed uptrend”. Despite their upward move, the indexes picked up more distribution days, not what bulls want to see. The”fiscal cliff” is now imminent, with no significant deal anywhere near the table. Investors seem to be quite fatigued by the “cliff” issue and, even if the country goes over at the end of the year, that most likely contingency might be so baked in at this point that the market reaction to the actual event may be more of a whimper than a bang. Either way, the “cliff” will be in the rear view mirror soon. Until then, keep your portfolio on a short leash and enjoy the Holidays.

This week two watch list stocks are at or near proper buy points. LMCA, trading at $114.98, broke out of a 2nd stage cup with handle base, on good volume, and is still within 5% of a $113.44 buy point. MA, trading at $493.57, is still within 5% of a $486.18 buy point, after breaking out of a 3rd stage flat base on base pattern.

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

Weekly Watch List

DDD (10/28/12, +7.36%)
FLT (11/25/12, -2.49%)
LMCA (11/12/12, +4.23%)
PII (12/16/12, +0.00%)
EBAY (12/02/12, -4.66%)
MA (10/14/12, +1.89%)
AMCX (12/09/12, -3.28%)

Additions:
PII (12/16/12, +0.00%)

Subtractions:
CF (12/09/12, -2.98%)

Last week the major U.S. indexes finished narrowly mixed. The NYSE composite added 0.2%, the Dow inched down 0.1%, the NASDAQ dipped 0.2%, and the S&P 500 slid 0.3%. The IBD outlook remains at “confirmed uptrend”. The indexes picked up more distribution and the market uptrend, such as it is, is going nowhere fast. Investors are still collectively mesmerized, watching and waiting as the slow motion train wreck known as the “fiscal cliff” “negotiations” lurches down the dead end of the year track. Stay cautious and pray for good news, the country could sure use a good dose of good news.

This week one watch list stock is near a proper buy point. DDD, trading at $45.81, is still within 5% of a $44.90 buy point off of a 3rd stage cup base.

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

Weekly Watch List

DDD (10/28/12, +6.89%)
FLT (11/25/12, +1.99%)
LMCA (11/12/12, +3.32%)
MA (10/14/12, +0.58%)
AMCX (12/09/12, +0.00%)
EBAY (12/02/12, -2.04%)
CF (12/09/12, +0.00%)

Additions:
AMCX (12/09/12, +0.00%)
CF (12/09/12, +0.00%)

Subtractions:
JAH (9/9/12, +2.02%)
PII (9/23/12, -1.89%)
SNI (11/18/12, -3.76%)
VAL (7/01/12, +16.52%)

Last week the major U.S. indexes finished mixed. The Dow added 1.0%, the NYSE composite gained 0.7%, the S&P 500 ticked up 0.1%, and the NASDAQ slid 1.1%. The IBD outlook remains at “confirmed uptrend”. The market seems to be behaving like an equities deer caught in the fiscal cliff headlights, waiting for the Taxmaggedon, Sequestration collision or the last minute swerve into a meaningful debt deal. Any sense of certainty is a distant memory and it’s extremely unfortunate when the country’s elected politicians are collectively doing more harm than good to their constituents. The only practical investing course of action for now is to stay cautious and wait for the deck to clear, one way or the other.

This week three watch list stocks are at or near proper buy points. DDD, trading at $45.61, is within 5% of a $44.90 buy point off of a 3rd stage cup base, although conviction and volume are lacking on the breakout. FLT, trading at $52.74, has formed a three weeks tight pattern with a potential buy point of $53.00. EBAY, trading at $51.74, is still within 5% of a $51.04 buy point off of a 2nd stage flat base.

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

Weekly Watch List

DDD (10/28/12, +4.78%)
FLT (11/25/12, +0.93%)
LMCA (11/12/12, +3.74%)
PII (9/23/12, +3.93%)
MA (10/14/12, +3.24%)
VAL (7/01/12, +19.60%)
EBAY (12/02/12, +0.00%)
SNI (11/18/12, -0.02%)
JAH (9/9/12, +4.92%)

Additions:
EBAY (12/02/12, +0.00%)

Subtractions:
TDG (9/9/12, -7.75%)

Last week, all the major U.S. indexes moved modestly higher. The NASDAQ gained 1.5%, the S&P 500 added 0.5%, the NYSE composite tacked on 0.4%, and the Dow ticked up 0.1%. The IBD outlook remains at “confirmed uptrend”. Although IBD’s tenuous uptrend call held, the uptrend picked up some early distribution and, so far, doesn’t appear to be particularly robust. Investors seem to be in wait and see mode as the looming U.S. “fiscal cliff” debacle continues to defy any hint of rational political resolution. Whether or not this “crisis” is resolved will most likely result in a binary market event, with a significant move on volume in either direction, gapping up on a deal and cratering on failure. Which outcome will occur is anyone’s guess. That said, since an uptrend is technically underway, it’s time to dip your toes in the water, but probably not prudent to wade all the way out into the middle of the stream, given the current state of near term uncertainty.

This week four watch list stocks are at or near proper buy points. DDD, trading at $44.71, is sitting just below a $44.90 buy point on a 3rd stage cup base. LMCA, trading at $109.99, found good volume support at its ten week line and is in buy range up to $121.90. MA, trading at $488.68, broke out of a 3rd stage flat base on base pattern and is still within 5% of a $486.16 buy point. EBAY, trading at $52.82, broke out of a 2nd stage flat base and is still barely within 5% of a $51.04 buy point.

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