EB Watch List Update Report

Dear Members: We have switched email providers as we were finding unnecessary delays in deliveries to our members. Hopefully this will resolve the problem. If you continue to have email receipt problems please let me know. Market Update: A new trading day and week are under way with all of the major indexes higher. In some ways this shows the strength of the market considering the bombing incident in New York earlier this morning, something that could have had a very negative impact on stocks. The VIX is showing traders are calm here as it remains in the 9's. None of the major indexes are overbought technically so there's room to move higher if traders remain in a buying mood. It is possible that the market could consolidate for a few days. To the bulls that represents an OK scenario even though they still have their eyes on higher prices. Right now we've got a range on the S&P of 2665 to the upside and 2624 to the downside. So it wouldn't take much to retest that all time high. At the same time, as long as the bulls continue to hold the S&P above all key technical levels, they will remain in charge. Companies Reporting earnings today (December 11) Before Market Opens None After Market Closes: None Companies reporting earnings tomorrow (December 12) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST We will keep you posted if we issue any new trade alerts. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List DVN - Stock is higher by 1.3% today and back above all key technical levels. A close above $38.84 would be very bullish. PANW - Stock is fairly flat as it hangs out just below its 20 day moving average. A close above that level, currently at $144.43, would be bullish. Mid Cap Watch List None Small Cap Watch List DO - Stock is up by 1.7%. A close above $16.70 would be bullish. IMAX - Stock is higher by over 1%. It held its 50 day as it needed to on Friday and today it tested its 20 day up near $24.30. A close above that level would be bullish. KLIC - Stock is fairly flat and and a close above the 20 day moving average, currently at $24.74, would be very bullish. DIOD - Stock is down slightly but moved below our INTRA DAY stop of $28 so will be removed from the Watch List. SCVL - Stock is lower by just over 1% but remains above all key technical levels. A close back above Friday's close of $25.77 would be bullish. DELETIONS FROM THE WATCH LIST DIOD is being removed from the Watch List At your service, John Hopkins EarningsBeats