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

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