EB Watch List Update Report

Dear Members: Market Update: The one constant on a daily basis is major indexes hitting record highs. We are seeing the same thing today, including the NASDAQ getting within 3 points of 6900. Of course the NASDAQ remains technically overbought but that doesn't seem to make much of a difference, at least at the moment. The VIX remains in the 9's as traders remain in a very bullish mood. The new level of resistance on the S&P is now 2606, the morning's high. Where could it go from here? A next reasonable level would be in the 2625 range. And the DOW is a few solid days away from 24,000. All of this as long as traders continue to commit fresh capital to stocks. As usual we need to remember that the market can turn on a dime. It certainly doesn't feel like that now with the bulls in command. But let's at least be prepared to shift gears if it becomes necessary. Companies Reporting earnings today (November 27) Before Market Opens None After Market Closes: None Companies reporting earnings tomorrow (November 28) Before Market Opens: None After Market Closes: NUAN ADDITIONS TO WATCH LIST We added DO to the Watch List this morning with additional information below BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List HUN - Stock continues to consolidate just above its 20 day moving average and a close above $31.06 would be bullish. AMT - Stock is higher by almost 1%. A close above $148.93 would be bullish. Mid Cap Watch List NFX - stock is down by almost 2.4% after making a nice move the past few sessions. Now it is testing the 50 day moving average, currently at $30.09, which is a level we would like to see hold. OSK - Stock is fairly flat 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 up slightly as it continues to consolidates below its 20 and 50 day moving averages. A close above the 50 day, currently at $15.12, would be very bullish. DO - This stock was added to the Watch List today at an initial entry price of $15.38 with a second entry at $14.90, a price target of $16.95 and a stop of any INTRA DAY close below $14.70. The next key level of resistance is the 20 day moving average, currently at $16.11, and a close above that level would be very bullish. DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats