EB Watch List Update Report

Dear Members: Market Update: New record highs for the Dow and S&P with all of the major indexes in positive territory. The VIX is flat as it continues to show high levels of investor confidence. The S&P so far has gotten as high as 2614, a new level for the bulls to try to climb above. The NASDAQ remains technically overbought while the Dow and S&P aren't far behind. But there's still plenty of room for the market to run if traders remain in a buying mood. It's helping that we're now in an historically bullish time of the year. Also worth considering; we could be seeing strategic positioning where money managers are looking to hold off taking significant profits if they detect the possibility of lower tax rates for 2018. It's not necessarily a great strategy; profits can evaporate quickly. However, it could be one of the things that helps keep the market at lofty levels as we move into year end. The bid underneath the market remains strong. The bulls continue to hold the cards. Unless we see a significant shift, this should be respected. Companies Reporting earnings today (November 28) Before Market Opens None After Market Closes: NUAN Companies reporting earnings tomorrow (November 29) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST Will keep you posted if there are 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 touched $32 this morning and a profit alert was issued. If you continue to hold you should consider raising your stop loss. The next key level of resistance is near $32.60. GREAT TRADE! AMT - Stock is up slightly higher by almost 1%. A close above $148.93 would be bullish. Mid Cap Watch List NFX - stock is showing weakness after a nice move higher a few days back. It's also back below all key technical levels. Going to keep a close eye on the stock and might adjust second entry level/stop loss as appropriate. For sure would like to see if close back above its 50 day, currently at $30.12 which could help it get back on track. OSK - Stock is up slightly. I'm noticing that the 50 day moving average is converging on the 20 day which could be bearish. PLEASE NOTE: We are changing our stop loss to any INTRA DAY move below the 50 day, currently at $85.25 as a defensive measure. If would be bullish if it could close above $86.59. Small Cap Watch List CVA - Stock is up slightly as it continues to consolidates below its 20 and 50 day moving averages. I have noticed the 50 day and 20 day now converging so this is a point the stock needs to take a stand or it could move lower. PLEASE NOTE: We are changing our stop loss to any INTRA DAY move below $14.63. A close above the 20 day, currently at $15.14, would be very bullish. DO - Stock is fairly flat as it hovers just above its 50 day moving average. A close above $15.82 would be bullish. DELETIONS FROM THE WATCH LIST HUN is being removed from the Watch List. At your service, John Hopkins EarningsBeats