EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Friday: CVX, HMC, LM, MA, MAT, MJN, NOV, NWL, TSN, TYC, WY Monday: APC, BIDU, IDTI, PFG, SU, SYY, TTWO, YUM ADDITIONS TO WATCH LISTS: There are no additions today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: FFIV - New Trading Strategy: Initial Re-Entry at 103.00 or rising 20 day EMA, whichever triggers first. LEN - Nice pullback to test the rising 20 day EMA earlier, now breaking out on decent volume - could be better volume. PRGO - Nice hammer printing on its key moving averages. ROC - Gapped down close to 67 price support, but has staged a very nice comeback - all on light volume. TIF - Opened just beneath prior Closing Stop level of 82.49. I would change my Closing Stop to today's open, or 82.42. Mid Cap Watch List: OPEN - Has upcoming earnings next Thursday, but testing December lows and trendline support from lows in April and October. Today's hollow candle could certainly mark bottom. TTEK - Consider 30.00 as a Target Price if you re-entered this one back at 29.00 and/or 28.00. VIPS - Failed near 110.00, pulled back nearly 10 bucks from where I discussed taking profits yesterday. The rising 20 day EMA should provide nice support for another re-entry. Small Cap Watch List: No comments today DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless Closing Stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com