EB Watch List Update Report

Dear Members: MARKET UPDATE Business as usual this morning as traders navigate the market and continue to show interest in stocks with the Dow hitting an all time high to join the S&P in record territory. The NASDAQ came within a fraction of its all time high yesterday for so all intents and purposes is right in sync with the Dow and S&P even though down slightly today. The VIX continues to show traders are very comfortable owning equities as it remains below all key technical levels. Earlier in the session the S&P got within less than 2 points of 2500, a level never touched before, and one the bulls are hoping to clear. What might lie beyond that level is hard to say but the bulls would like to find out. The next major event the market is looking forward to is the Fed's interest rate announcement due out next Wednesday afternoon. It's big because traders are keen to know what the Fed is thinking as it could have a significant impact on the overall market. That's something we can deal with as the announcement gets closer. As the market hovers in record territory it should be pointed out that we are getting closer to an overbought signal. But, we aren't quite there yet. So there's more room to run as long as traders remain attracted to stocks. KEY EARNINGS REPORTS Companies reporting earnings today (September 14) Before Market Opens None After Market Closes: None Companies reporting earnings tomorrow (September 15) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST Will keep you posted if spot any new high reward to risk trading opportunities BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List LYV - Stock dipped below our Intra Day stop of $41.37 earlier in the session so is being removed from the Watch List a nice winner. NVDA - Stock hit our price target of $172.50 earlier in the session so is being removed from the Watch List. Great trade!. Mid Cap Watch List SGMS - Stock is up 3% this morning and within striking range of our target of $38.30. If it hits the price target it will be removed from the Watch List. KORS - Stock is higher by 2.3% after an analyst upgrade. A close above $44.03 would be very bullish. PSTG - Stock is flat as it remains in consolidation mode. A close above $14.99 would be very bullish. Small Cap Watch List None DELETIONS FROM THE WATCH LIST NVDA is being removed from the Watch List as it hit its price target At your service, John Hopkins EarningsBeats