EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: AVB, BA, BIIB, CNQR, CP, CTXS, DOW, ELY, EMC, FB, GNTX, HES, IRF, LRCX, LVX, MUR, QCOM, SLG, SYMC, TSCO, VLO, WLP Thursday: AMZN, BCR, BRCM, BTU, BX, BZH, CELG, CMG, CRR, ERIC, GOOG, HAR, HOG, LLY, MCHP, MCK, MMM, MO, NOC, OXY, POT, RTN, UA, UPS, V ADDITIONS TO WATCH LISTS: I like several long candidates right now, including BHI, TEL, TER, GMT and EZPW. Given market conditions and the elevated VIX, I will hold off, however, on adding these stocks officially to our Watch Lists. If you're looking at potential long candidates, you could consider these five stocks, but just understand the high volatility environment makes for a more treacherous trading landscape. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: BCR - REMOVING FROM WATCH LIST AS IT REPORTS EARNINGS ON THURSDAY. FFIV - Hit our Target Price of 110.00 on Tuesday. GREAT TRADE!!! We'll keep FFIV on our Watch List and consider re-entering on a pullback. IHS - Closed beneath our 113.00 Closing Stop at Tuesday's close so it's been removed from our Watch List. HAR - Has been a great performer for us but reports earnings on Thursday. WE ARE REMOVING HAR FROM OUR WATCH LIST. LEN - Continues to bounce off the recent gap support and 50 day SMA test. SPLK - We like Re-Entry at the current price of 73.08. SPLK has shown nice support here at gap support. VMC - Breaking out on strong volume. Appears as though the stock is being accumulated. Nice action. ROC - Hanging onto price support in the 68-69 area. TIF - Close below 82.49 and we'll remove it. Mid Cap Watch List: TTEK - We will remove if it closes beneath 27.50. VIPS - Indicated yesterday to consider profit taking in the 108-110 range. Today's high was 109.67. If you've been in, nice trade - consider taking profits here. Small Cap Watch List: MMSI - Has triggered our Final Entry at 14.40. Our Closing Stop is 13.95 for future reference. TASR - Testing the bottom of gap support, needs to hold here. DELETIONS FROM OUR WATCH LISTS: BCR, HAR and CRR being removed as they report earnings on Thursday. IHS removed as it closed beneath our tight closing stop at 113.00 on Tuesday. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com