EB Watch List Update Report

Dear Members: Market Update: The bulls are pleased that all of the major indexes have turned green after being lower earlier in the session as we begin a new trading day and week. The VIX is down almost 5% and back below its 20 day moving average as traders breathe a little easier this morning. But we need to remember that both the Dow and S&P remain below their respective 20 and 50 day moving averages which favors the bears. Right now none of the major indexes are oversold but they're not overbought either. So in some ways the market is in "no-man's land" but still favoring the bears. If the bulls hope to turn things to their favor they will need to get the S&P back above 2717 and then 2736, the 20 and 50 day moving averages, respectively. I'm guessing there will be a battle at these levels and if anything we could see profit taking as I don't see the market getting ready to take off. Bottom line here is we're getting a bounce today and might have a ways to go but overall we need to be careful, especially as we get closer to those key technical levels. Companies reporting earnings Today (March 5) Before Market Opens None After Market Closes: NLS Companies reporting earnings tomorrow (March 6) Before Market Opens: CARS, CIEN, DCI, MYE and TGT After Market Closes: ADSK, HRB, KFY, MED, ROST and URBN ADDITIONS TO WATCH LIST Will keep you posted on any new trade alerts. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None at this time LONGS: Large Cap Watch List NVDA - Stock is down slightly and a close back above its 20 day moving average, just above $237.50, would be bullish. Mid Cap Watch List None Small Cap Watch List INVA - Stock hit a near time higher earlier in the session before pulling back some. A move and close back above that high of $16.31 would be very bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats