Weekly Watch List

FLT (11/25/12, +31.44%)
OCN (1/27/13, +0.51%)
WDR (2/3/13, +5.97%)
MPC (2/3/13, +6.98%)
MX (2/10/13, 3.32%)
BLK (2/3/13, +1.68%)
JAH (2/3/13, +0.42%)
HCA (2/10/13, -3.92%)
PKG (2/10/13, +4.11%)
CVI (2/17/13, -1.30%)
PIR (12/30/12, +14.22%)
AMCX (2/17/13, -1.07%)

Additions:
None

Subtractions:
CI (2/10/13, -5.20%)
DDD (10/28/12, +33.47%)
EBAY (1/27/13, -2.67%)

Last week the major U.S. indexes finished mixed. The Dow ticked up 0.1%, the S&P 500 lost 0.3%, the NYSE composite gave up 0.4%, and NASDAQ moved down 0.9%. Distribution picked up again and the IBD outlook degraded to “uptrend under pressure”. The Sequester is here and only in Washington D.C. could a decrease in the rate of spending increases be spun as a looming disaster, the world is about to end even though overall government spending for this fiscal year will be greater than the previous fiscal year, go figure. In any case, expect the cynical doomsday rhetoric to intensify this week, along with volatility. Hunker down, reduce your market exposure appropriately, and ride out the short term turmoil. Be prepared to jump over onto the defensive if the market turns ugly.

With the uptrend under pressure, now is probably not the best time to be making new purchases, however, if you insist, this week one watch list stock is currently in a proper buy range. PKG, trading at $41.80, found support at its ten week line and is in buy range up to $42.25.

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

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Weekly Watch List

DDD (10/28/12, +39.51%)
FLT (11/25/12, +32.41%)
OCN (1/27/13, +8.65%)
MX (2/10/13, +2.49%)
WDR (2/3/13, +6.37%)
MPC (2/3/13, +8.33%)
PIR (12/30/12, +15.09%)
BLK (2/3/13, +2.56%)
HCA (2/10/13, -2.53%)
CVI (2/17/13, +0.00%)
CI (2/10/13, -1.37%)
JAH (2/3/13, +0.99%)
PKG (2/10/13, +1.22%)
AMCX (2/17/13, +0.00%)
EBAY (1/27/13, +0.30%)

Additions:
AMCX (2/17/13, +0.00%)
CVI (2/17/13, +0.00%)

Subtractions:
MA (2/10/13, +8.33%)

Last week the major U.S. indexes ended flat. The S&P 500 added 0.1%, the NYSE composite was unchanged, and the Dow and NASDAQ each gave up 0.1%. The IBD outlook remains at “confirmed uptrend”. The rally continues but it’s going nowhere fast. With the Monday holiday, a dearth of scheduled U.S. economic news, and the U.S. government essentially on break, don’t expect too much volume, volitility, or excitement this coming week. It’s not easy to make money on a boring tape, but it’s hard to lose money either. Stay the course, but study your charts in case the winds pick up and possibly change direction.

This week five watch list stocks are currently at or near proper buy points. DDD, trading at $59.53, is still holding its ten week line and is in buy range up to $75.58, although the recent distribution on volume is troubling. OCN, trading at $40.56, is still within 5% of a $39.35 buy point off of a 3nd stage cup with handle base. MX, trading at $16.04, found support at its ten weeks line an may also be forming a new base, in buy range up to $17.64. PKG, trading at $40.64, found support at its ten week line and is in buy range up to $42.25. EBAY, trading at $56.70, has formed a four weeks tight pattern with a potential buy point of $57.37.

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

Weekly Watch List

DDD (10/28/12, +56.81%)
FLT (11/25/12, +27.65%)
OCN (1/27/13, +9.75%)
WDR (2/3/13, +1.82%)
MPC (2/3/13, +6.85%)
MX (2/10/13, +0.00%)
CI (2/10/13, +0.00%)
BLK (2/3/13, +0.54%)
HCA (2/10/13, +0.00%)
JAH (2/3/13, +2.37%)
EBAY (1/27/13, +0.16%)
PIR (12/30/12, +13.81%)
PKG (2/10/13, +0.00%)
MA (2/10/13, +0.00%)

Additions:
CI (2/10/13, +0.00%)
HCA (2/10/13, +0.00%)
MA (2/10/13, +0.00%)
MX (2/10/13, +0.00%)
PKG (2/10/13, +0.00%)

Subtractions:
PPG (1/27/13, -3.70%)

Last week the major U.S. indexes ended narrowly mixed. The NASDAQ tacked on 0.5%, the S&P 500 added 0.3%, the Dow dipped 0.1%, and the NYSE composite gave up 0.3%%. The IBD outlook remains at “confirmed uptrend”. Index distribution levels remain elevated, volatility is starting to creep up, Europe is back on the radar screen, and the fight over the Sequester is starting to heat up. Milk the current rally until it runs dry, but make sure you have a plan at the ready to go over on the defensive as the universe of potential near term catalysts seems to be skewing to the downside.

This week four watch list stocks are currently at or near proper buy points. DDD, trading at $66.94, recently tested its ten week line successfully and is in buy range up to $75.58. OCN, trading at $40.97, is still within 5% of a $39.35 buy point off of a 3nd stage cup with handle base. BLK, trading at $238.16, has formed a three weeks tight pattern with a potential buy point of $239.59. PKG, trading at $40.15, found support at its ten week line and is in buy range up to $42.25.

/as usual, your mileage may vary, alw101ays do your own homework