EB Watch List Update Report

Dear Members: Market Update: Another day and another record on the S&P with all of the major indexes now at all time highs. It took the NASDAQ some time to catch up with the Dow and S&P but now it is back in sync. And the VIX continues to show plenty of willingness to be long stocks. These record highs are coming at a time when historically the market has been strong. So continuing good new for the bulls. With the S&P at new all time highs what might be next? Perhaps the bulls are setting their sights on 2700 which could be achieved by just two more days like today. It doesn't mean they will get their way but you can bet they will give it a shot. Companies Reporting earnings today (December 15) Before Market Opens LTRE After Market Closes: None Companies reporting earnings Monday (December 18) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST We added ACLS to the Watch List today with more details below. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List DVN - Stock is struggling and is now back below its 20 day moving average. PLEASE NOTE: We are changing the stop to any CLOSE below the 50 day moving average, currently at $37.38. PANW - Stock is higher by over 1%. A close above the most recent high of $147.25 would be bullish. Mid Cap Watch List None Small Cap Watch List IMAX - Stock is higher by over 1% and a close back above the 200 day moving average, currently at $25.01 would be very bullish. KLIC - Stock is flat as it failed earlier to clear its 20 day moving average, currently at $24.58. A close above that level would be bullish. SCVL - Stock closed just below its 20 day moving average yesterday so is being removed from the Watch List. If you continue to hold keep an eye on the 20 day and a close above $25.70 would be bullish. EXTR - Stock is getting slammed today, down over 4%. It will be removed from the Watch List if it closes below its 50 day moving average, currently at $12.29. ESIO - Stock is higher by almost $1.5% and a close back above the 20 day moving average, currently at $21.55, would be very bullish. ACLS - Stock was added to the Watch List today at an entry price of $29.05 with a price target of $32 and a stop of any INTRA DAY move below $28.45. DELETIONS FROM THE WATCH LIST SCVL is being removed from the Watch List as it closed below its 20 day moving average yesterday. At your service, John Hopkins EarningsBeats