EB Watch List Update Report

Dear Members: Market Update: The bulls are making another statement today with a nice follow through after yesterday's nice showing to start the year and with all of the major indexes logging new highs. Confidence is high as well with the VIX down almost 6% and as it once again gets close to dipping back into the 8's. At this moment investors see the market as a good place to deploy capital with more favorable tax rates for corporations and expectations that earnings will once again be strong when companies begin reporting their numbers in the next few weeks. Now that the S&P has cracked 2700 what might be next? There's really no telling; it's never been at this level before. But if buying interest remains high a reasonable next target could be in the range of 2750. A few things remain the same as they were in 2017. First, don't even bother trying to short the market; that's an exercise in futility. Next, stay focused on those companies that posted strong numbers and have pulled back to high reward to risk levels. It was a winning formula last year and it should be the same this year. Companies Reporting earnings today (January 3) Before Market Opens None After Market Closes: RAD Companies reporting earnings tomorrow (January 4) Before Market Opens: MON After Market Closes: None ADDITIONS TO WATCH LIST We added NAV and UNFI to the Watch List this morning with additional information below. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List None Mid Cap Watch List NAV - We added NAV to the Watch List this morning at an initial price of $43.70 with a second entry on a pullback to $42.75 and a price target of $47.30 and a stop of any CLOSE below the 20 day moving average. Small Cap Watch List UNFI - We added UNFI to the Watch List this morning at an entry price of $49.49 with a price target of $52.60 and a VERY tight stop of any INTRA DAY move below $49. DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats