EB Watch List Update Report

Dear Members: First, Tom Bowley and I will be conducting a Webinar today at 4:30 pm eastern where we will take a look at what might lie ahead in 2018, keying in on sectors that could be strong. All members are invited to attend and room instructions will be sent out this afternoon prior to the event. The webinar will be recorded as well for those who are unable to attend the live event. Hope you can join us! Market Update: We've got a new trading day and week under way and so far a mixed picture with the NASDAQ higher while the Dow and S&P are lower. We entered the week with the market very stretched; a pause is certainly in order and would be welcomed by those who would much prefer to buy stocks on a pullback rather than at such lofty levels. The VIX has perked up a bit, up almost 5%, perhaps in recognition that traders do realize it's tough to chase most stocks here. But it's also true that stocks are holding up quite well with the bulls thinking if this is what a pullback looks like, they'll take it. Interestingly, earnings season will begin in earnest this week with three major banks reporting their numbers on Friday. Then starting next week the earnings flood gates will open with thousands of companies expected to report over the next 3-4 weeks. So it could well be that traders are willing to hold on to their stocks until they get a better sense of how overall earnings come out, even though expectations are high. In other words, the market is giving the benefit of the doubt to the bulls here until proven otherwise. Companies Reporting earnings today (January 8) Before Market Opens None After Market Closes: None Companies reporting earnings tomorrow (January 9) Before Market Opens: AYI and SCHN After Market Closes: None ADDITIONS TO WATCH LIST We added AVAV 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 - Stock is higher by 1% after being higher earlier in the session. Would like to see it close back above $44.47 which would be bullish. SAIC - Stock is fairly flat as it continues its consolidation that began a few weeks back and a close above $78.23 would be bullish. Small Cap Watch List AVAV - We added this stock this morning at an entry price of $52.99 with a price target of $57.75 and a stop of any INTRA DAY move below $52.10. DELETIONS FROM THE WATCH LIST None At your service, John Hopkins EarningsBeats