EB Watch List Update Report

Dear Members: MARKET UPDATE We've got a new trading day and week as we near the end of October and so far tech stocks continue to take the lead with the NASDAQ hitting another all time high, though now well off the session high as all of the major indexes move lower This has been pretty typical lately with the major indexes taking turns from day to day as they hit new all time highs. This week brings with it some major earnings reports, announcements and economic reports, including earnings from Apple on Thursday, the Fed interest rate announcement on Wednesday and the non-farm payroll report on Friday. Toss in the expected announcement for who will be the next Fed chairman as well as additional information on proposed tax cuts and volatility could be extremely high throughout the week. In fact the VIX is up almost 10% and if it continues higher it could signal increasing nervousness. Once APPL reports its number on Thursday it will pretty much serve as the end of the "meat" of earnings season. This is when traders will be looking for additional reasons to be long or short and the jobs numbers just might give them a reason, one way or another. I really don't see any reason to either go short or aggressively long here. The market has made a big move higher so some profit taking could be in order. On the other hand we've seen time and time again lately that traders are willing to buy on any dips so shorting remains a tricky proposition. Companies Reporting earnings today (October 30) Before Market Opens ACCO, CTB, DO, D, FDC, KMPR, L and SONS After Market Closes: AMKR, IDTI, RCII, SBAC and UIS Companies reporting earnings tomorrow (October 31) Before Market Opens: FLWS, AET, AKS, ARCH, ADM, BCC, CG, CMI, DBD, FDP, HRS, K, LL, MA, PFE, SERV, SHOP, SSTK, SHOO and UA After Market Closes: APC, CHRW, CHKP, DVN, EA, FISV, FORM, SYX and X ADDITIONS TO WATCH LIST Will continue to be extremely cautious here especially given so much going on this week. Still rather see some type of pullback to increase the odds for successful trades. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List None Mid Cap Watch List None Small Cap Watch List SYNT - Stock is down slightly. Would like to sere it close back above $23.36 which would be bullish. DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats