EB Watch List Update Report

Dear Members: Market Update: Every time it looks like the market could pullback some buyers step in. This has been the case for a while and with the market now is a seasonally strong period of the year could continue higher as we head into year end. You can see confidence is high with the VIX down 7% after dipping back into the 8's earlier in the session. Actually the little bit of selling we've seen so far this week is most welcomed; the market was very stretched. It's still stretched but that seems to be a secondary concern at the moment. If we do see some additional selling, which to me would be just fine, there should be support on the S&P near 2660. To the upside the bulls would like to clear the recent all time high near 2695, something very possible if traders remain in a buying mood. Companies Reporting earnings today (December 20) Before Market Opens BB, GIS and WGO After Market Closes: BBBY and MLHR Companies reporting earnings tomorrow (December 21) Before Market Opens: ACN, KMX, CAG, HOV and PAYX After Market Closes: NKE ADDITIONS TO WATCH LIST Will keep you posted if any new trading alerts. We currently have 7 on the Watch List below which is plenty of open positions for now. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List DVN - Stock is up by 1.4% after holding key technical levels earlier in the week. A close above $39.59 would be very bullish. SBAC - Stock hit our second entry level of $158.25 yesterday and so far is showing a nice tail from the bottom of today's session. Next key level of resistance is at the 50 day moving average and a close above that level, currently at $160.38, would be both healthy and bullish. Mid Cap Watch List GRA - Stock is higher after holding at its 200 day moving average yesterday. Would like to see the stock close back above its 20 day moving average, currently at $71.44, which would be bullish. Small Cap Watch List IMAX - This stock is in consolidation mode. Still would like to see it close back above $25.20 which would be bullish. KLIC - Stock is flat after pulling back earlier in the session and testing and successfully holding its 20 day moving average. A close above $25.22 would be bullish. ACLS - Stock is higher by 3.3% and a close back above the 20 day moving average, currently at $30.65, would be very bullish.. AVID - Stock is hovering right near its 20 day moving average, currently at $6.08. A close above $6.27 would be very bullish. DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats