EB Watch List Update Report

Dear Members: Market Update: The market remains in no-man's land as the S&P continues to trade in a narrow range. Earlier in the session the S&P got within 2 points of its 50 day moving average only to fall right on cue, pulling back just above the 20 day. So we're basically looking at less than a 20 point trading range. The VIX actually fell sharply earlier this morning only to rebound back above its 50 day showing traders remain skeptical on any moves higher. All this is pointing out is traders aren't convinced that the market is about to break out and they aren't convinced the market is going to break down and thus the stale mate. It's hard to tell what catalyst it will take to break the stale mate, perhaps additional news regarding the proposed tariff regulations or maybe tomorrow's jobs report where traders will be watching very closely to see if wages are continuing to rise - i.e., is inflation becoming a bigger concern? Right now the market will be capped unless the S&P can close back above 2740. Yesterday's low was 2701 so that is now support. It remains a good time to go light here while avoiding the choppy action. Companies reporting earnings Today (March 8) Before Market Opens AEO, DVMT, FCEL, HOV, KR, NAV, RDNT, RAND, TECD and MTN After Market Closes: CERS, COO, MRVL, PRTS, UNFI and PAY Companies reporting earnings tomorrow (March 9) Before Market Opens: BIG, PRTY and REV After Market Closes: None 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 None Mid Cap Watch List None Small Cap Watch List INVA - Stock is slightly higher though off the session high. Any close above today's high of $16.54 would be very bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats