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

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: