EB Watch List Update Report

Dear Members: Market Update: The VIX remains above all major technical levels as trader nerves are tested. We've gone from non-stop market advancement to choppy action with the S&P testing its 20 day moving average for four straight days now. So far it keeps bouncing off of its lows and holding the 20 day which the bears will say shows some cracks building but the bulls will say it shows traders are still willing to buy on pullbacks. The bulls will also point out that if this a real pullback, fine. They can easily live with minor selling. Of course if the selling picks up then that tone could change. But so far all we've seen is a little bit of profit taking. Let's also remember; the market had gotten extremely overbought. It needed some relief. So this really isn't surprising. Let's also keep in mind that the S&P is one decent day away from its all time high. So the bears are stretching if they think they've taken control of the action here; they haven't. For sure we could get some more selling, especially if the S&P does close below its 20 day, now at 2574. So keep an eye on that level. Otherwise we need to continue to respect the bulls who have shown tremendous resilience for a long time now. Until that changes the market still favors the long side. Companies Reporting earnings today (November 14) Before Market Opens LNG and SSYS After Market Closes: BZH Companies reporting earnings tomorrow (November 15) Before Market Opens: TGT After Market Closes: CSCO, LB and NTES 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 GM - Stock is lower by just over 1.4% as it tests its 20 day moving average, currently at $43.14. Would like to see it at least close back above that level. Mid Cap Watch List SKX - Stock is fairly flat and a close above $32.55 would be bullish. OSK - Stock is up slightly and the next key level to watch is the 20 day moving average, currently at $86.42. Small Cap Watch List PETS - Stock is down slightly lower. Would like to see it close above yesterday's close of $37.39 which would be bullish. SSTK - Stock is down by over 1% and a close above $39.71 would be bullish. SYNT - Stock is up by over 6.5% as it gets closer to our target of $25.75. PLEASE NOTE: We are raising our stop on the stock to any INTRA DAY move below $24.75. DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats