EB Watch List Update Report

Dear Members: Market Update: Here we are at the last trading week of the year - a shortened one at that - and all of the major indexes are lower. The VIX is showing that traders are a bit more nervous than last week and as they try to figure out the best way to position their portfolios into year end. We all know the market got ahead of itself recently and quite frankly some more selling would be good. Whether or not we'll get that this week is hard to say; it's not like stocks are totally out of favor, they just needed to take a pause. This is one of those times when it makes sense to go easy; still wouldn't short the market but also wouldn't get aggressively long here. For sure would take profits as they came along and for sure would keep stops in place in case selling picks up. It's also not helping that the biggest market cap company in the world - AAPL - is down 2.5%. It's certainly not helping tech stocks or the overall market for that matter. Bottom line: let's ease into year end and wait and see what develops the next day or two. If things perk up we can always get involved quickly in and if the market weakens we'll be glad to have more capital to put to work at lower prices. Companies Reporting earnings today (December 26) Before Market Opens None After Market Closes: None Companies reporting earnings tomorrow (December 27) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST PLEASE NOTE: WE WILL BE UPDATING THE CANDIDATE TRACKER TODAY AND WHEN DONE WILL HAVE CLOSE TO 300 STOCKS ON THE LIST. WE WILL THEN GET THE CHARTLIST OUT TO PARTICIPANTS BY TOMORROW. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List SBAC - Stock is trying to move back above the 50 day moving average, currently at $160.87, and a close above that level would be bullish. Mid Cap Watch List None Small Cap Watch List KLIC - Stock is really struggling to hold its 50 day moving average, currently at $24.20, and if it closes below that level will be removed from the Watch List. ACLS - Stock is down by 1.5%. We're going to keep our stop at any INTRA DAY move below $28.45. AVID - Stock is up slightly and needs to close back above its 20 day moving average, currently at $6.05, to get back on track. DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats