EB Watch List Update Report

Dear Members: Sorry for the late and brief update. I will be back at EarningsBeats Central Monday with a normal schedule. The action today is positive with all of the major indexes higher. There's still work to be done as all of the major indexes remain below key technical levels. But perhaps the selling frenzy of the large cap tech stocks is nearing an end which is a must if the market is to move higher. The VIX is lower by over 13% as nerves have calmed some. If the market can end the day on a positive note that should bode well for the new trading week and month after the long weekend. It's also going to help once earnings season gets underway as overall the numbers should be good. And when everything is said and done that's really what matters most. Barring some late day selling it looks like the S&P might challenge its 20 day moving average, currently at 2685, in the very near future. Maybe the market is not out of the woods quite yet but today is a step in the right direction. I want to wish everyone a restful 3 day weekend and I will be back Monday morning with my Market Update. At your service, John Hopkins EarningsBeats