EB Watch List Update Report

Dear Members: Market Update: The bulls threw everything they had at the market at the end of last week with the result being the NASDAQ almost touching 7600 this morning before pulling back some. Without question, tech stocks have led the charge higher while the Dow and S&P have continued to lag. The record high on the NASDAQ has traders wondering if it was too much too quick, with the VIX up by 10% on increased nervousness. Of course anyone who has tried shorting the market lately has found that to be a losing proposition. But the NASDAQ has tacked on almost 1000 points in a month since the February low of 6630, and by any measure that is a huge move in a very short period of time. And keep in mind that stochastics on the NASDAQ hit 99 this morning; they can't really go any higher. But some good news for the bulls is the S&P is back above all key technical levels. The same cannot be said for the Dow as blue chips remain on the bottom rung of the ladder. Right now it looks like the S&P could work its way up near 2808 if buyers stay in a good mood. To the downside the 50 day, now at 2744, should provide support. The question now is; if we do see more of a pullback will traders jump in on any dips? It's very possible, especially if the S&P does revisit that 50 day moving average and holds. So we still have a mixed picture but the bulls have some momentum on their side. But it would still be healthier if all of the major indexes could get back in sync instead of the NASDAQ doing all of the heavy lifting. Companies reporting earnings Today (March 12) Before Market Opens None After Market Closes: FTEK Companies reporting earnings tomorrow (March 13) Before Market Opens: DKS After Market Closes: None ADDITIONS TO WATCH LIST PLEASE NOTE: THE CANDIDATE TRACKER HAS NOW BEEN UPDATED AND THERE ARE 250 STOCKS ON THE LIST. For those of you who have been getting the ChartList - If you have NOT received the updated one this morning please let us know. 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 - We issued a profit alert on INVA Friday at $16.40 as it looked like it was near term topping so it came off the Watch List. Deletions from Watch List INVA At your service, John Hopkins EarningsBeats