EB Watch List Update Report

Dear Members: MARKET UPDATE Today we see a continuation of both the NASDAQ and S&P having difficulty holding key technical levels with both of these indexes now back below both their 20 and 50 day moving averages. The Dow is showing a bit more strength but is showing signs of struggling as well.The VIX is lower but well off the low of the session as traders take note of the current market weakness. We also continue to see traders selling on any moves higher. We certainly saw this on the S&P as it tried to clear both its 20 and 50 day moving averages only to see sell programs kick in. We saw the S&P get as low as 2433 just a few days backy so that is a level the bulls will be looking to hold, otherwise we could see additional selling. We're definitely in a vulnerable time of the year that favors the bears. Plus we're heading into the weekend. So it makes sense to remain on the conservative side for the moment. However, if the bulls do manage to close the S&P above 2451 then it could change the momentum. KEY EARNINGS REPORTS Companies reporting earnings today (August 25) Before Market Opens: BIG After Market Closes: None Companies reporting earnings Monday (August 28) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List LYV - Stock is fairly flat after rising earlier in the session. A close above $39.79 would be bullish. NVDA - Stock is down slightly after making a nice move earlier in the session. Would like to see a reversal as the day progresses. Mid Cap Watch List SGMS - Stock remains in consolidation mode and so far remains above all key technical levels. A close above $35.05 would be bullish. Small Cap Watch List None DELETIONS FROM THE WATCH LIST None at this time I want to wish everyone a restful weekend and I will be back Monday morning with my EB Watch List Update Report. At your service, John Hopkins EarningsBeats