EB Watch List Update Report

Dear Members: MARKET UPDATE Another typical September month end for the market? Hardly, with both the S&P and the NASDAQ hitting all time highs. In fact, it's anything but a typical September as traders remain all in on stocks. The VIX shows a continuing high level of confidence as it remains in the mid 9's. A little surprising is that none of the major indexes are technically overbought. Perhaps the S&P with stochastics at 95 but the S&P shows there's still some room to run if traders continue to add to their long positions. The NASDAQ is particularly interesting as it enters breakout mode with the bulls now setting their sights on 6500. It will be interesting to see if the gains hold into the close with the weekend coming up and as we get ready for a new trading month. But the bulls seem oblivious to the time of year at the moment with the singular goal of taking stock prices even higher. KEY EARNINGS REPORTS Companies reporting earnings today (September 29) Before Market Opens None After Market Closes: None Companies reporting earnings Monday (October 2) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST Will keep you posted if are any additions to the Watch List BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List NVDA - Stock is higher by 1.5%. Next major closing level to clear is $179 and a move above that level would be bullish. CRM - Stock is up slightly as it moves back above its 20 day moving average. A close above $94.06 would be very bullish. Mid Cap Watch List GWRE - Stock continues to consolidate above its 20 day moving average and a close back above $78.64 which would be bullish. SFR - Stock has come back to life and is up over 1.5%, regaining yesterday's losses. A close back above $36.75 would be very bullish. CTLT - Stock is up slightly as it continues to consolidate just above its 20 day moving average, currently at $39.55. Would like to see it close above $40.27 which would be bullish. Small Cap Watch List GIII - Stock is fairly flat and a close back above $30 would be bullish. DELETIONS FROM THE WATCH LIST None I would like to wish everyone a restful weekend and I will be back Monday morning with my EB Watch List Update Report. At your service, John Hopkins EarningsBeats