EB Watch List Update Report

Dear Members: MARKET UPDATE The monthly jobs report came out today a bit weaker than expected but still showing job creation at a decent pace. Traders seem to be fine with the report with all of the major indexes higher with the Dow back to 22,000 and the NASDAQ coming to within 10 points of its all time high. The move higher today is favoring the Dow and S&P with the NASDAQ showing some signs of fatigue after five days straight up and should be considered technically overbought. So far the VIX is showing traders are quite confident as it hits its lowest level in almost a month. Pretty positive considering we are now in the month of September, a month that is not always great for stocks. It's pretty clear that there is a strong bid under the market; traders have gone from bailing a week ago to jumping all in. The S&P is back within easy striking range of its all time high of 2490. Another 10 points or so would do the trick. We do have a long weekend coming up so it will be interesting to see if traders are willing to hold stocks into the close. There's no indication so far that we'll see wholesale selling but things can change as the day progresses. Still, anyway you look at it, the bulls are currently completely in charge. KEY EARNINGS REPORTS Companies reporting earnings today (September 1) Before Market Opens: None After Market Closes: None Companies reporting earnings Tuesday (September 5) Before Market Opens: None After Market Closes: PLAY, HPE and HBC ADDITIONS TO WATCH LIST Please note that we will be updating the Candidate Tracker today which will include some new additions. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List LYV - Stock continues to move higher with our target remaining at $42 NVDA - Stock is up another 1% today as it got to within 60 cents of our price target of $172.50. If you are long the stock you might want to raise your stop to help insure profits in case of a pullback. Mid Cap Watch List SGMS - Stock was up sharply earlier in the session and still up over 1.5% as it tries to break out of consolidation mode. A close above $36.20 would be bullish. YY - Stock continues higher as it got within 50 cents of our target price of $76.40. If you are long the stock you might want to raise your stop to help insure profits in case of a pullback. Small Cap Watch List None DELETIONS FROM THE WATCH LIST None at this time I want to wish everyone a restful holiday weekend and I will be back Tuesday morning with my EB Watch List Update Report. At your service, John Hopkins EarningsBeats