EB Watch List Update Report

Dear Members: I am repeating yesterday's announcement meant to help make sure you are getting access to our trade alerts promptly, especially since we have no control over when one of our email alerts will reach your in-box. You can now follow @earningsbeats on twitter. This will allow you to see any stocks we add to the Watch List and you will be able to log into the site to get the details - entry price, price target, stop loss levels. We will continue to send alerts via email as well plus remember once we do issue a trade alert it is added to the site where you have access as a member to the Watch List. Market Update: Here are today's bullish developments. First, traders have fully regained confidence with the VIX back in the 9's. Next, the NASDAQ is once again leading the move higher today as it plays catch up with the Dow and S&P. Next, all of the major indexes are above key technical levels. This is important since the NASDAQ had fallen back below its 20 day earlier in the week. Finally, none of the major indexes are currently technically overbought. The Dow and S&P do have RSI's at 70 but stochastics have fallen; there's more room to run as long as traders continue to commit capital to stocks. Let's also remember that historically the market has been mostly bullish as we get to the second half of December. So overall the market looks pretty good here. The goal now for the bulls is to revisit the recent all time high on the S&P of 2665. There's no guarantee they will get there but you can bet they will give it a very good try as we get closer to year end. Companies Reporting earnings today (December 8) Before Market Opens None After Market Closes: None Companies reporting earnings Monday (December 11) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST PLEASE NOTE: The Candidate Tracker has now been updated and contains over 275 stocks, some that will become trade alerts. We issued a trade alert on SCVL this morning with more information below. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List DVN - Stock is higher by 2.2% today and a close back above the 20 day moving average, currently at $37.89, would be bullish. PANW - Stock is up by almost 1% today. A close above the 20 day moving average, currently at $144.55, would be bullish. Mid Cap Watch List None Small Cap Watch List DO - Stock is up by 1.3%. A close above $16.70 would be bullish. IMAX - Stock is lower by 1% as it continues to struggle. Our second entry of $23.45 did hit yesterday. The stock is oversold here and if it is going to bounce, this is where that should happen. As a reminder we have a stop of any CLOSE below the 50 day moving average, currently at $23.34. KLIC - Stock is fairly flat and and a close above the 20 day moving average, currently at $24.84, would be very bullish. DIOD - Stock is higher by almost 1%. A close above $29.06 would be bullish. SCVL - This stock was added to the Watch List this morning at an initial entry price of $25.03 with a price target of $26.90 and a stop of any close below the 20 day moving average. DELETIONS FROM THE WATCH LIST None I want to wish everyone a restful weekend and I will be back Monday morning with my EB Watch List Update Report. At your service, John Hopkins EarningsBeats