Market Update: Traders were upset with the Fed yesterday as all of the major indexes sold off but with a new trading month here the bulls are back on track with all of the major indexes higher. It is early in the session so what happens this afternoon is more important; will the gains hold into tomorrow's non-farm payroll report? We did see a sharp spike in the VIX yesterday but today it's down by over 12% and back below its 50 day moving average. So nerves have calmed some. So far all of the major indexes are holding their respective 20 day's which is important; closing below those levels would give the bears something to work with. Now that the Fed is out of the way all attention will be on tomorrow's jobs number. As usual traders will be watching the numbers closely for any new clues that will help them determine the likely near term direction of the market. On the S&P resistance remains at the all time high of 3027 while technical support is at 2990 with price support now at 2958, yesterday's low. Companies reporting earnings today (August 1) Before Market Opens: ANMD, ALE, ABC, MT, ADM, ARGX, ARW, BLL, BCS, BCE, BPMC, BR, BPL, CNQ, CBRE, CI, CLX, CNHI, DNKN, DD, EXC, GNRC, GM, GIL, GOL, HBI, HFC, HII, IDA, IDXX, INGR, ICE, IRM, K, MAC, MMP, MPC, MPW, MPLX, MSCI, NNN, NVT, OTEX, OSK, PH, PWR, ROLL, RGEN, RDS.A, SPGI, SABR, SHOP, SRCL, STOR, TRP, TFX, TRI, VZ, W, WRK, WEX, XEL, XYL and YUM After Market Closes LNT, AIV, ANET, BRMN, BIO, BFAM, BRKR, ED, CWK, DVA, DLB, EOG, ETSY, FRT, FSLR, FND, FLR, FTNT, FBHS, GMED, GDDY, HIG, HLF, MTZ, MTD, MSI, NFG, OTEX, PBA, PINS, POST, QRVO, RP, REG, SHLX, SWI, SQ, TNDM, TDS, TDC, RARE, USM, OLED, WU and XPO Companies reporting earnings tomorrow (August 2) Before Market Opens: AEE, ARNC, BIP, CBOE, CVX, CNK, XRAY, ENB, ESNT, XOM, RACE, FTS, HRC, HMC, IMO, ITT, LYB, NWL, NBL, PNM, POR, QSR, STX, SEE, SRE, S, TU, VST and WPC After Market Closes: HE ADDITIONS TO WATCH LIST We added DG to the Watch List yesterday with more details below. Please note it has not been posted to the site yet but will be today. We will keep you posted on any new additions to the Watch List. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List CSCO - Stock moved below our stop yesterday so is being removed from the Watch List. DG - Stock was added to the Watch List yesterday at an entry price of $134.52 with a target of $145 and a stop of any CLOSE below $133. It's higher today by over 1% with the next key level of resistance at the 20 day moving average, currently at $137.59. Medium Cap Watch List PRSP - Stock is up higher by almost 2% and a close above $24.03 would be very bullish. Small Cap Watch List PRGS - Stock is higher but well off the session high of $44.12 and a close back above that level would be very bullish. Deletions from Watch List CSCO At your service, John Hopkins EarningsBeats