EB Watch List Update Report

Dear Members: MARKET UPDATE Yesterday looked like the bears might regain control of the market, with the VIX spiking sharply, but once again traders looked at the move lower as an opportunity to jump in on the long side with many of the losses regained by day's end. Importantly both the NASDAQ and S&P closed back above all key technical levels with only the Dow struggling to recapture its 20 day moving average. Though the market has steadied some the VIX is higher today and back above all key technical levels, showing some nervousness in spite of yesterday's recovery. Gold remains at elevated levels while government bond yields remain at the low end of the spectrum. It does look like bond yields have gotten to a level where they could be putting in a near term bottom but the possibility still exists that they could move lower, especially if investors continue to move assets into what they see as safer financial instruments. For sure this is a good time to be vigilant. September can be rough on stocks and the VIX is showing us that traders have one to two fingers on the sell button. So it makes sense to be very selective here. In the meantime the bulls know it is important to hold the S&P above 20/50 day moving averages which are in the 2454 range as a close below that level could spell some trouble. KEY EARNINGS REPORTS Companies reporting earnings today (September 6) Before Market Opens NAV After Market Closes: KFY and RH Companies reporting earnings Wednesday (September 7) Before Market Opens: BKS, DVMT, DCI, FCEL and HOV After Market Closes: FNSR, RDFN, SAIC and PAY ADDITIONS TO WATCH LIST Going to be very selective here and will let you know if there are any new additions to the Watch List BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List LYV - Stock is up slightly with our target remaining at $42. NVDA - Stock is down slightly as it tries to remain above all key technical levels. Mid Cap Watch List SGMS - Stock is up almost 2.5% as it continues to consolidate. A close above $36.20 would be bullish. YY - Stock is up slightly and a move above the most recent high of $75.90 would be another step toward getting to our target of $76.40.. Small Cap Watch List None DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats