EB Watch List Update Report

Dear Members: Market Update: It's options expiration Friday and we're seeing choppy market action. Early on it looked like the bulls might have something going but as has been the case lately we saw profit taking on the bounce. This is the type of action we should expect when traders are skeptical rather than overly bullish. Even though the NASDAQ has lost some luster lately we should keep it mind that it still remains well about all key technical levels which shows that traders still favor tech stocks even when the market is weak and that if things turn around the NASDAQ will likely lead the move higher. On the flip side we've got the Dow which is currently below key technical levels. And the S&P is straddling just above key technical levels. So it's quite a mixed picture as traders try to figure out an adequate strategy given current market conditions. Nothing is screaming to get aggressively long here. Maybe that will change soon but the current whipsaw action makes it tough to gain much traction. The bulls are hoping at a minimum that the S&P holds the 2750 level which was the low of the day. To the upside there's going to be resistance just above 2800, so a 50 point trading range for now. Companies reporting earnings Today (March 16) Before Market Opens: PERY and TIF After Market Closes: None Companies reporting earnings Monday (March 19) Before Market Opens: CSIQ After Market Closes: ORCL ADDITIONS TO WATCH LIST Will keep you posted if any new alerts. Flat out don't like the market action at the moment. 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 higher by 1%. A close above of $8.95 would be bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats