EB Watch List Update Report

Dear Members: Market Update: The bears had an opening yesterday, a chance to grab control of the action. Instead, the bulls had other ideas, and just as all of the major indexes tested their respective 20 day moving averages, buyers stepped in. Now today we're seeing some selling but all of the major indexes remain above all key technical levels. The VIX is showing that nerves have flared up some; its up close to 10% and also back above all key technical levels and is showing traders are back to one finger on the sell button. But we've seen this before, now we'll have to see if buyers jump back in prior to the end of the day and ahead of the weekend. Many analysts point to concerns that have popped up around potential tax reform. But the bulls will point to something they feel is even more important; strong earnings. In other words, they like the fundamental picture. We did see the S&P get as low as 2566 yesterday so that is a level we should keep an eye on if the selling picks up. To the upside the S&P got as high as 2597. So that's the range for now. Companies Reporting earnings today (November 10) Before Market Opens None After Market Closes: None Companies reporting earnings Monday (November 13) Before Market Opens: TSN After Market Closes: None ADDITIONS TO WATCH LIST We added OSK to the Watch List this morning with more information below BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List BX - Stock closed below its 20 day moving average yesterday so is being removed from the Watch List. GM - Stock is higher by almost 1.7% as it tries to move back above its 20 day moving average. A close above that level, currently at $43.13, would be very bullish. Mid Cap Watch List SKX - Stock is up by over 2% and a close above $31.91 would be bullish. OSK - Stock was added to the Watch List this morning an an entry price of $84.33 with a price target of $89 and a stop of any CLOSE below the 50 day moving average, currently at $83.17. Small Cap Watch List PETS - Stock is higher by 1.4%. A close back above $37.15 would be bullish. SSTK - Stock is up by 2.5% as it moves one step closer to our price target of $41.35. SYNT - Stock is down by 1.9% as it continues in consolidation mode. Would like to see it close back above yesterday's high of $23.75. DELETIONS FROM THE WATCH LIST CMI will be removed from the Watch List. At your service, John Hopkins EarningsBeats