Watch These IBD Style Stocks

As I emailed yesterday to my IBD Meetup Group, IBD had not called the current market an uptrend, yet a number of stocks were breaking out, demonstrating a return to risk appetite.

Today, IBD recognized this trend and changed their outlook to market in uptrend. Among the reasons were those mentioned above as well as a high volume move by the Nasdaq Thursday.

I rarely buy breakouts without IBD confirmation that the market is in an uptrend, but given the strength, I jumped on OPEN and made a quick profit. It's out of buy range now but could pull back a little. I also bought BIDU, sold it at no profit no loss as at the time I didn't want to push my luck without the market being in a technical uptrend. I was afraid the market might pull back at any moment.

The market may still pull back, but it shows resilience. Therefore, I have put together a watch list of stocks that meet IBD criteria. These stocks not only show tremendous growth, but they are consolidating and readying for a move higher. A couple have already broken out such as OPEN and BIDU.

Stocks consolidating:
BIDU
CMG
DAR
DE
LULU
NFLX
OPEN
PCLN
RAX
SLW
SOHU
SOLR
WLT

This Baker's Dozen list of stocks are showing very positive movement. BIDU, OPEN, LULU and PCLN have all broken out. Only OPEN is technically out of the 5% chase range.

Some of the stocks above look like they are itching to move higher or break out like BIDU, PCLN (looks like $500 is a near certainty), CMG (got shaken out of this before, but it's resilient), RAX and SOHU. SOHU is a stock that broke above its buy point but closed below it today. While not ideal action, it can still lead to a positive move higher. In fact, LULU did just that Monday and finished 4.6% over its buy point.

Take care because the market is near resistance levels. It could power through these, or just as likely pull back.