EB Watch List Update Report

Dear Members: As a reminder, please mark your calendars for next Monday, April 9, when Tom Bowley of StockCharts.com will join me for our Quarterly Earnings webinar, exclusive for EarningsBeats members. More details later in the week. Market Update: The bulls stepped up to the plate yesterday as the S&P dipped below its 200 day moving average with some follow thru today with all of the major indexes higher. This move higher today comes a day before the important non-farm payroll report coming out tomorrow morning. Nerves have calmed some for the moment with the VIX back below its 20 and 50 day moving averages as traders have showed some willingness to put some capital to work on the long side. Personally I feel what we are seeing is an oversold bounce; the bulls knew how important it was to hold the 200 day on the S&P. At the same time the S&Pis trading right near its 20 day moving average. So this is the current range; 2592 to the downside and 2666 to the upside. If the S&P closes above that 2666 level then the next key level of resistance is up near 2695. That jobs report tomorrow could have an impact on stocks, especially if the wage component comes out stronger or weaker than expected. Thus, we could either see a continuation of the current rally or see a sudden shift to the downside though the bulls seems to have gotten some wind beneath their sails. Companies reporting earnings Today (April 5) Before Market Opens: MON and SCHN After Market Closes: None Companies reporting earnings tomorrow (April 6) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST Please note that we will be updating the Candidate Tracker in the near future and will keep you posted. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None at this time LONGS: Large Cap Watch List ADSK - Stock is up by almost 1% as it has moved above its 20 day moving average. PLEASE NOTE: We are changing the stop to any CLOSE below the 20 day, currently at $127.89. In the meantime any close above $130 would be bullish. None Mid Cap Watch List None Small Cap Watch List CHS - We issued a profit alert on this stock this morning at $9.50. However the stock got as high as $9.71 so within a few cents of our price target. Great trade! Deletions from Watch List CHS At your service, John Hopkins EarningsBeats