EB Watch List Update Report
Dear Members:
Market Update:
Both the NASDAQ and S&P have hit record highs on this shortened trading day with the market closing at 1 PM eastern. Along with a new record high, the NASDAQ is technically overbought here with stochastics closing in on 100 and a RSI of 72. The VIX remains in the 9's as traders remain in a confident and good mood. We really are at a point where it would be better if we got some profit taking even though traders are holding on tight to their long positions. Barring a sudden, negative event, the bulls could remain in charge for a while. The S&P got as high as 2602 so that's the new level of resistance. To the downside 2589 should provide support. Not much more to say except have a great weekend!
Companies Reporting earnings today (November 24)
Before Market Opens
None
After Market Closes:
None
Companies reporting earnings Monday (November 27)
Before Market Opens:
None
After Market Closes:
None
ADDITIONS TO WATCH LIST
Will keep you posted on any new additions to the Watch List
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
SHORTS:
None at this time
LONGS:
Large Cap Watch List
HUN - Stock is up slightly and a close above $31.06 would be bullish.
AMT - Stock is higher by 1.2%. A close above $146.59 would be bullish.
Mid Cap Watch List
NFX - stock moved closer to our target price earlier in the session before pulling back some. A close above $30.79 would be bullish.
OSK - Stock is slightly higher as it continues to consolidate just above the 20 day moving average. A close above $86.59 would be bullish.
Small Cap Watch List
CVA - Stock is fairly flat as it continues to consolidates below its 20 and 50 day moving averages. A close above the 50 day, currently at $15.18, would be very bullish.
DELETIONS FROM THE WATCH LIST
None
At your service,
John Hopkins
EarningsBeats