GNRC (10/27/13, +0.00%)
Last week all the major U.S. indexes stumbled higher. The DJIA gained 1.11%, the S&P 500 tacked on 0.88%, the NASDAQ added 0.74%, and the NYSE Composite inched up 0.69%. The IBD outlook remains at “confirmed uptrend”, although the NASDAQ picked up two distribution days. This week investors will continue to digest what has, so far, been a moderately positive earnings season. The primary, scheduled economic news will the FOMC announcement on Wednesday. Don’t chase extended stocks, keep watching for secondary buy points and new breakouts of top quality stocks out of proper bases.
This week neither of the watch list stocks are near proper buy points.
/as usual, your mileage may vary, always do your own homework
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