Weekly Watch List

DDD (10/28/12, +61.87%)
FLT (11/25/12, +16.53%)
OCN (1/27/13, +0.00%)
PII (1/27/13, +0.00%)
PPG (1/27/13, +0.00%)
EBAY (1/27/13, +0.00%)
PIR (12/30/12, +12.89%)
MA (10/14/12, +9.73%)

Additions:
EBAY (1/27/13, +0.00%)
OCN (1/27/13, +0.00%)
PII (1/27/13, +0.00%)
PPG (1/27/13, +0.00%)

Subtractions:
STRZA (1/20/13, +3.31%)

Last week all the major U.S. indexes continued their winning streak. The Dow jumped 1.8%, the NYSE composite gained 1.3%, the S&P 500 tacked on 1.1%, and the NASDAQ added 0.5%. The IBD outlook remains at “confirmed uptrend”. With the current earning season on the wane, this week brings a first look at Q4 GDP and the January employment report. At the moment, the traditional wall of worry seems to to be more of a molehill for the market to step over rather than climb. The rally continues unabated, profit from the run up while it lasts.

This week two watch list stocks are currently in a proper buy range. PII, trading at $93.23, is still within 5% of a $89.93 buy point off of a 2nd stage flat base on base pattern. PIR, trading at $22.07, is still within 5% of a $21.34 buy point off of a 2nd stage base on base pattern.

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

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Weekly Watch List

DDD (10/28/12, +54.25%)
FLT (11/25/12, +14.25%)
STRZA (1/20/13, +0.00%)
PIR (12/30/12, +12.63%)
MA (10/14/12, +10.06%)

Additions:
STRZA (1/20/13, +0.00%)

Subtractions:
EBAY (12/02/12, +2.63%)
LMCA (11/12/12, +16.99%)
PII (12/16/12, +11.75%)

Last week all the major U.S. indexes added to recent weeks’ gains. The Dow moved up 1.2%, the NYSE composite and S&P 500 each gained 0.9%, and the NASDAQ inched up 0.3%. The IBD outlook remains at “confirmed uptrend”. As earnings season continues to unfold, the general sense of investors seems to be that the overall economy is headed in the right direction, albeit at a painfully slow pace. On the other hand, the debt ceiling “debate” is growing louder and at least one ratings agency has already rattled the debt downgrade sword. Furthermore, the amount of distribution for this uptrend is still higher than Bulls would like to see. The buying lamp is still lit, but keep a close eye on any clouds forming on the horizon.

This week one watch list stock is currently in a proper buy range. PIR, trading at $22.02, is still within 5% of a $21.34 buy point after breaking out of a 2nd stage base on base pattern on good volume.

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

Weekly Watch List

DDD (10/28/12, +41.43%)
FLT (11/25/12, +9.40%)
LMCA (11/12/12, +16.99%)
MA (10/14/12, +11.69%)
PII (12/16/12, +10.26%)
PIR (12/30/12, +6.34%)
EBAY (12/02/12, +1.67%)

Additions:
None

Subtractions:
None

Last week all the major U.S. indexes crept higher. The NASDAQ added 0.8%, the NYSE composite tacked on 0.5%, and the Dow and S&P 500 each inched up 0.4%. The IBD outlook remains at “confirmed uptrend”. The markets took a bit of a breather after the previous week’s spectacular upside move. With earnings season starting to gear up and the next episode of the U.S. fiscal crisis not yet on the front burner, the Bulls seem to have the upper hand for now. Ride your winners and keep an eye out for any secondary buy points that may develop.

This week none of the watch list stock are currently in a proper buy range.

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

Weekly Watch List

DDD (10/28/12, +37.90%)
FLT (11/25/12, +6.36%)
LMCA (11/12/12, +13.66%)
EBAY (12/02/12, -0.08%)
PII (12/16/12, +6.19%)
MA (10/14/12, +7.95%)
PIR (12/30/12, +5.73%)

Additions:
None

Subtractions:
None

Last week all the major U.S. indexes rocketed higher. The S&P 500 soared 5.4%, the NASDAQ surged 4.8%, the NYSE composite vaulted 4.2%, and the Dow leapt 3.8%. This newfound investor enthusiasm in the wake of the “Fiscal Cliff” “deal” lifted the IBD outlook back to “confirmed uptrend”. Just when it looked like the markets were surely about to roll over into a correction, the uptrend roared back to life from the brink of what looked like certain death. Did the “Fiscal Cliff” “deal” really do much of anything to resolve our U.S. fiscal mess that would justify last week’s market reaction? Who cares! As they say, watch what the markets are actually doing and don’t try and guess why. Right now, for whatever reason, the markets are telling you to get long although, with index distribution still elevated, make your buys in a careful, disciplined manner.

This week one watch list stock is near a proper buy point. EBAY, trading at $52.78, is still within 5% of a $51.04 buy point, after breaking out of a 2nd stage flat base, and has also recently found support at its ten week line.

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