Weekly Watch List

GMCR
NVEC
SNDA
INT
HMSY
PCLN
CTRN
CERN
CPSI
QSII
CRI
MFE
MDAS
CUB
AAN
TECD
APSG

Additions:
CRI
CTRN
MDAS
TECD

Subtractions:
None

Last week, the markets were down across the board with the Dow down 3%, the S&P
500 down 2.6%, and the Nasdaq down 1.7%. Also, last Monday, IBD changed their market outlook from market in confirmed uptrend to market uptrend under pressure. Like the yellow light on a traffic sidnal, this means you need to proceed with caution, think about booking some profits on winning stocks and think twice before making any new purchases. However, if you’re adventurous, there are three buy candidates this week, SNDA, HMSY, and MFE.

SNDA made it’s first pullback to it’s 10-week line after a March breakout and found support. It’s now in a buy range anywhere between $52.61 and $68.25. SNDA is currently trading at $55.08.

HMSY broke out past a $38.38 buy point last Tuesday and can be bought up to $40.30. HMSY is currently trading at $40.06

MFE is currently trading at $40.26 with a $40.99 buy point. It needs to break out past the buy point on volume before it can be considered for purchase.

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