EB Watch List Update Report

Dear Members: Market Update: The market is getting its first "test" in a while with all of the major indexes sharply lower. This selling is way overdue. And traders are showing a bit of nervousness today with the VIX up over 16% as it climbs back above its 200 day moving average. Of course we've seen time and again lately how willing traders have been to jump in on any pullbacks. Will this time be different? We should know by the time the market closes. So far only the S&P has dipped below its 20 day moving average, currently at 2571, so that will be a level to watch closely, as a close below that level could make the market more vulnerable to additional selling. We need to keep things in perspective here; stocks flat out got too overbought. So some profit taking is actually quite healthy. Bottom line for now; it's way too early to count the bulls out here. Some more selling would end up providing some better opportunities. Will keep an eye on how the market closes and go from there. Companies Reporting earnings today (November 9) Before Market Opens AZN, CSIQ DHI, JCI and TIME After Market Closes: CAA, DIS, HTZ and NWSA Companies reporting earnings tomorrow (November 10) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST We added CMI to the Watch List yesterday with a very tight stop of any INTRA day move below its 50 day moving average which it did earlier this morning so will be removed from the Watch List. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List BX - Stock is down slightly. As a reminder, the stop loss is any CLOSE below the 20 day moving average, currently at $32.65. GM - Stock is down slightly but so far has held its 50 day moving average. A close back above yesterday's close of $42.11 would be bullish. Mid Cap Watch List SKX - Stock is up slightly and a close above $31.22 would be bullish. Small Cap Watch List PETS - Stock is down by 2%. As a reminder, we raised the stop on PETS to any CLOSE below its 50 day moving average, currently at $35.88, as a close below that level could take it lower. SSTK - Stock is giving up some of yesterday's nice gains. A close back above yesterday's close of $38.88 would be bullish. SYNT - Stock is up slightly and a close back above yesterday's close of $23.71 would be bullish. DELETIONS FROM THE WATCH LIST CMI will be removed from the Watch List. At your service, John Hopkins EarningsBeats