EB Watch List Update Report

Dear Members: Market Update: Every once in a while the market behaves in a way that makes it even more difficult than usual to trade successfully. This is one of those times. This can be seen by looking at the VIX which is back near 20 compared to the many months when it hung out below 10; traders are on pins and needles. This is what happens when the Dow moves hundreds of points higher one day and hundreds of points lower the next. Something else to consider; the market got spoiled with low rates for many years. They're still low on a relative basis but likely to move higher, presenting a different rate environment which traders are trying to figure out. On the one hand, higher rates indicate a stronger economy. On the other hand, the market seems to prefer lower rates. On the plus side, all of the major indexes remain above key technical levels. That should count for something. But the S&P is just hanging above its 50 day and not much higher above its 20 day, so any pick up in selling could change the technical picture. Whatever the actual underlying reasons, traders have turned more cautious which is appropriate right now. The range on the S&P is thus; 2700 to the downside and 2789 to the upside. It's no coincidence we are right in the middle of the range; that just keeps traders guessing. Companies reporting earnings Today (February 28) Before Market Opens ADI, CHS, CROX, SSP, FRO, LOW, ODP, SBGI, STWD, SSYS and VRX After Market Closes: AEGN, AMBC, TWNK, LB, LQ, MNST, MYL, CRM, SGMS and UHS Companies reporting earnings tomorrow (March 1) Before Market Opens: AMC, BUD, BKS, BBY, CABO, IEP, KSS, NRG, PDCO, PF, BID, TD, TRCO, After Market Closes: ALG, AMBA, GPS, MBI, JWN, PK and VMW ADDITIONS TO WATCH LIST We added INVA to the Watch List this morning with additional details below BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None at this time LONGS: Large Cap Watch List None Mid Cap Watch List None Small Cap Watch List INVA - We added this stock this morning at an entry price of $15.51 with a price target of $17 and a stop of any INTRA DAY move below $15.07. Any close above its 20 day moving average, currently at $15.66, would be bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats