EB Watch List Update Report

Dear Members: Market Update: The market has taken a turn for the worse after getting off to a decent start with only the Dow higher as the month of April comes to an end. The VIX is higher by over 3% and actually looking more bullish than bearish as it trades below 16 but still off the lows seen last year. For comparison purposes look back to early February when the VIX touched 50, making 16 seem not too high. We're well through Q1 earnings season and so far the overall numbers have been strong, but apparently not strong enough to power stocks higher relative to where they were earlier in the year. The Fed will take the spotlight in the middle of the week when they make their interest rate announcement. Presently the market is betting against any raise this time around but will be watching closely to see what the Fed might think about the future. In looking at the S&P it's currently trading just above its 20 day moving average, currently at 2664 which is now support. To the upside the S&P got within a few points of its 50 day of 2686 before the selling kicked in. So that's the range for now and any move below the 20 day could take stocks even lower. Companies reporting earnings Today (April 30) Before Market Opens: AKS, AGN, CTB, DO, FDC, KMPR, L, MCD and ON After Market Closes: AKAM, GLRE, IDTI, IVAC, JJSF, NTRI, RCII, SBAC, THC, RIG and WLL Companies reporting earnings tomorrow (May 1) Before Market Opens: ,FLWS, ACCO, AET, AMT, ADM, AN, BP, CG, CMI, ETN, EMR, FDP, GRUB, HBI, HCA, HUN, IMAX, I, JCI, LLL, LBY, LL, MPC, MRK, PFE, SMG, STX, SERV, SHOP, TDS, UAA, USM and WCG After Market Closes: ACHC, ALL, APC, AAPL, CHRW, CYH, DVN, RRD, EIX, FISV, GILD, HCI, HHC, JNPR, MDLZ, NBR, NCR, NUVA, PKD, PAYC, SFLY, SNAP, SU, SYX, UIS, VRSK, WU and YUMC ADDITIONS TO WATCH LIST Will keep you posted on any new trade alerts. Also, we will be updating the Candidate Tracker very soon and will keep you posted. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None at this time LONGS: Large Cap Watch List SQ - Stock got close to its 50 day moving earlier in the session and will be reporting earnings on Wednesday. Accordingly, we issued a profit alert when the stock got to $48.90, a nice winner. GREAT TRADE! SNAP - Stock is fairly flat one day ahead of reporting earnings. We will be watching closely as the stock will need to be removed prior to earnings scheduled for after the market closes tomorrow. None Mid Cap Watch List None Small Cap Watch List Deletions from Watch List SNAP At your service, John Hopkins EarningsBeats