EB Watch List Update Report

Dear Members: Market Update: If you ask me if I'm impressed with today's rally my answer would be...no. It's not surprising me that we're seeing a bounce which is being led by a few large cap blue chips that have been beaten down recently. But I'm more interested in looking in at the action on the NASDAQ which had been a powerhouse index up until a few days ago when traders realized the move higher had been way overdone. The bulls might well pull it together later and move the NASDAQ higher but it looks like we might have more selling on bounces then buying on dips. If the market continues higher today the NASDAQ is going to run into resistance around 7544. To the downside it touched 7473 both yesterday and today before bouncing. So clearly that is a level the bulls know needs to hold. I should point out that even though blue chips are higher today the Dow is struggling to get back above its 20 day moving average. In other words, going nowhere fast. Bottom line is I see no need to rush into anything here. I think the selling could pick up at any moment and if it does traders are likely to get more defensive. We'll proceed with caution. Companies reporting earnings Today (March 15) Before Market Opens: DG After Market Closes: ADBE, AVID, AVGO, KODK, JBL, OSTK and REV Companies reporting earnings tomorrow (March 16) Before Market Opens: PERY and TIF After Market Closes: None ADDITIONS TO WATCH LIST Will keep you posted if any new 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 CHS - Stock is flat as it managed to hold its 200 day moving average yesterday. A close above of $8.95 would be bullish.down by almost 1%. As a reminder our stop is any CLOSE below the 200 day moving average, currently at $8.66. Deletions from Watch List None At your service, John Hopkins EarningsBeats