Weekly Watch List


OCN (3/17/13, -7.83%)
GRFS (3/10/13, +3.14%)
PKG (3/24/13, +6.31%)
CI (4/7/13, +1.97%)
HCA (4/21/13, +1.57%)
CVI (4/21/13, +5.06%)

Additions:
None

Subtractions:
JAH (2/3/13, +13.22%)

Last week all the major U.S. indexes moved higher. The NASDAQ surged 2.3%, the NYSE composite jumped 2.0%, the S&P 500 gained 1.7%, and the Dow added 1.1%. The IBD outlook remains at “market in correction”. Even though the overall price action last week was positive, there was no definitive follow through day on volume that would signal a new uptrend. Continue to use any further market strength to weed out your laggard positions and raise cash. Consider locking in profits on your winners. As the current earnings season winds down, remain cautious and wait for the institutional investors to jump back in and start a new rally.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

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

The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:

BBG
EMC
LVLT
MCRS
SWKS

INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.

/How to Make Money Selling Stocks Short by William J. O’Neil

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