EB Watch List Update Report

Dear Members: MARKET UPDATE Another missile launched over Japan and the market response? Seen that before. In addition, the monthly retail sales report was much weaker than expected. The response? Yawn. Just look at the VIX, lower again today, as traders continue to shrug off bad news while embracing any good news that comes along. This includes the Dow hitting another all time high with both the S&P and NASDAQ near their all time highs as well. Interestingly, the Dow, which for quite a while lagged, is now leading the charge higher. And it's also the most overbought of the major indexes. In fact, it wouldn't be so bad to see some type of pullback but try telling that to the bulls. It's going to be interesting to see how traders are feeling by day's end. Will they be willing to hold stocks into the weekend or will they lighten up on the risk side? The bulls are still aiming to top 2500 on the S&P; that's only a few points. But sometime major thresholds take some time to clear. Bottom line; nothing but bullish here. That could always change quickly but for now it makes sense to go with the flow. KEY EARNINGS REPORTS Companies reporting earnings today (September 15) Before Market Opens None After Market Closes: None Companies reporting earnings Monday (September 18) Before Market Opens: None After Market Closes: SCS ADDITIONS TO WATCH LIST We added SFR to the Watch List yesterday with more information below BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List Mid Cap Watch List SGMS - Stock was removed from Watch List as hit our upwardly revised stop yesterday. Great trade! KORS - Stock is giving up some of the nice gains from yesterday, likely as a result of a weaker than expected Retail Sales report this morning. Hopefully will be temporary with a resumption in a move higher. PSTG - Stock is trying to perk up some after consolidating the past two weeks. A close above $14.99 would be very bullish. SFR - Stock was added with entry price of $35.60, a price target of $37.90 and a stop of any INTRA DAY close below $35.27. Would be bullish to close back above the 20 day moving average, currently at $36.30 Small Cap Watch List None DELETIONS FROM THE WATCH LIST SGMS is being removed from the Watch List. At your service, John Hopkins EarningsBeats