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Argus has published its latest Portfolio Selector, which features its popular Focus List. Each month, Director of Research Jim Kelleher, CFA, surveys the team of Argus Research industry analysts for their timeliest recommendations out of the company's fundamental universe of approximately 500 stocks. The Focus List typically includes 30 stocks: turnover is high, as Jim typically adds three or four new stocks per month. Below are the latest additions, all of which are rated BUY at Argus.

The stock market paused last week, taking a breather after a big rally off the lows from Monday, April 21. The S&P 500 (SPX), S&P 100 (OEX), Nasdaq, and Nasdaq 100 (QQQ) are all in similar technical condition, having retraced 61.8% of their respective corrections and bear markets. As we said last week, the majors are all in "no man's land," stuck between some major moving averages. On a daily basis, all four sit between their 50- and 200-day averages, as well as their 10-week exponential moving and 50-week simple averages. In the last two weeks, they all ran out of gas at their 200-day and 50-week averages. Key resistance sits in close proximity, at the two averages mentioned above and the closing high from March 25. For the SPX, these levels are at 5,748 and 5,777; for the OEX at 2,785 and 2,806; for the Nasdaq at 18,315 and 18,272; and for the QQQ at 490 and 494. These areas of resistance could be very important as a strong break over these levels will complete bullish inverse head-and-shoulders patterns and lead to at least a test of all-time highs or potentially new highs later this year. We'll see how today plays out, with futures soaring on the latest trade news. We have some good news and some not so good news about breadth. The advance-decline lines for the SPX, OEX, and QQQ all have made new all-time highs, but prices remain well off their highs. When breadth leads price, it is usually bullish. What needs to improve is the percentage of stocks above their 200-day, and that likely will take time considering how far many stocks fell below the average. As of now, the SPX has 44% of its stocks above the 200-day, while the OEX and QQQ have 50% above this key average. (Mark Arbeter, CMT)

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.