EB Watch List Update Report

Dear Members: MARKET UPDATE We're through the long Labor Day weekend with the market getting off to a sour start as we begin a shortened trading week. Developments over the past few days have put the market on high alert with the VIX up over 20% and back above all key technical levels as volatility perks up and traders show some concern. Gold is up sharply with government bond yields falling with the ten year Treasury Note now at 2.08%, a level not touched since last November and as investors move towards safety. The bulls will point out that both the NASDAQ and S&P remain above all key technical levels. However, the same cannot be said of the Dow which has moved back below its 20 day. So as usual, the tech sector is easily outshining blue chip stocks. September has a reputation of being rough on stocks so perhaps traders are remembering that this morning. But the bulls have shown resilience of late so might we see buying on the dip? We can't rule it out and should keep an eye on the S&P to see if the bulls can hold its 20 and 50 day moving averages, 2455 and 2453, respectively, if the selling picks up. And as long as the bulls hold the line at those key technical levels they should be respected. However, a move below those levels could result in additional selling. KEY EARNINGS REPORTS Companies reporting earnings today (September 5) None After Market Closes: PLAY, HPE and HBC Companies reporting earnings Wednesday (September 6) Before Market Opens: NAV After Market Closes: KFY and RH ADDITIONS TO WATCH LIST Please note the Candidate Tracker has been updated and there are now 209 stocks on the list BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List LYV - Stock is fairly flat with our target remaining at $42 NVDA - Stock is down 2% on overall market selling but remains above all key technical levels. Mid Cap Watch List SGMS - Stock is down 2% as it continues to consolidate. A close above $36.20 would be bullish. Would like to see if close back above Friday's close of $25.80. YY - Stock is fairly flat with our target remaining at $76.40.. Small Cap Watch List None DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats