Weekly Watch List


OCN (3/17/13, +29.23%)
EVR (6/23/13, +22.71%)
PRAA (9/25/13, +0.00%)
PKG (9/25/13, +0.00%)
BIIB (6/30/13, -1.78%)

Additions:
PKG (9/25/13, +0.00%)
PRAA (9/25/13, +0.00%)

Subtractions:
GRFS (8/11/13, -3.97%)

Last week the major U.S. indexes ended mixed. The NASDAQ gained 1.5%, the S&P 500 added 0.5%, the NYSE composite inched up 0.1%, and the Dow gave up 0.5%. The IBD outlook remains at “market in correction”. With August coming to an end, heading into the Labor Day weekend, don’t expect much in the way of market volume or volatility. After the holiday, assuming “The Taper” is as baked in as it’s going to get, the next big overhang on the Wall of Worry for investors will be the fight, if there is one, over the Continuing Resolution to fund the U.S. Government that expires at the end of September. Expect some market moving fireworks when the political rhetoric ratchets up as the fiscal game of Chicken lurches toward the October 1st deadline.

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:

MRC
MYGN
NUAN
RVBD
TOL
USG

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

Making money off this Watch List? Feel free to tip the dealer!

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: