EB Watch List Update Report

Dear Members: Market Update: We've got a new trading day and holiday shortened week under way and so far all of the major indexes are higher. One things standing out today is the VIX which is down close to 7% and now back below both its 200 and 20 day moving averages; the big boost in fear we saw last week has subsided. The other thing worth noting is all of the major indexes are back above all key technical levels; the bulls didn't like when any of them were below any technical level. The bulls are likely helped by the upcoming Thanksgiving holiday; it's a good time historically for the market. Of course the market will be closed on Thursday and we may see lighter trading than usual. But more important is how the market performs throughout the week with the bulls hoping to revisit the all time high on the S&P of 2597. To the downside the S&P got as low as 2557 last week so that is now support. In the meantime as long as the major indexes remain above all technical levels we have to continue to give the nod to the bulls. Companies Reporting earnings today (November 20) Before Market Opens None After Market Closes: A and URBN Companies reporting earnings tomorrow (November 21) Before Market Opens: CPB, EV, HRL, LOW and SIG After Market Closes: None ADDITIONS TO WATCH LIST We added NFX 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 HUN - Stock is up by 1.3% and a close above $31.06 would be bullish. GM - Stock is up by 2% as it moves closer to our target of $45.10. Mid Cap Watch List SC - We added this stock to the Watch List Friday and so far it is higher by 3.4%. It hit our initial price target of $17.04 and we are RAISING our price Target to $17.30. NFX - We added this stock to the Watch List this morning an an initial entry price of $29.38 with a second entry at $28.90 on any pullback with a price target of $31.30 and a stop of any INTR DAY move below $28.83. OSK - Stock is up by 1% as it has moved back above its 20 day moving average. A close above that level, currently at $85.83, would be bullish. Small Cap Watch List DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats