EB Watch List Update Report

Dear Members: Market Update: I think it's fair to say that a lot of the volatility the past few sessions is related to today's option expiration. This is particularly true when looking at the QQQ's and SPY's which have worked there way to levels that have wiped out a lot of option premium. This is fairly common when we get to the third Friday of each month; market makers want to pay out as little as possible in options premiums. In looking at the overall picture, not much has changed. All of the major indexes remain above key technical levels with the bulls able to declare they remain in charge. At the same time the market is stuck and going nowhere. The current range on the S&P is 2692 to the downside and 2742 to the upside. It's pretty much in the middle of that range right now as the stalemate continues. Companies reporting earnings Today (May 18) Before Market Opens: AZN, CPB and DE After Market Closes: None Companies reporting earnings Monday (May 21) Before Market Opens: None After Market Closes: PSTG ADDITIONS TO WATCH LIST Will keep you posted if there are any new alerts BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: ALV - Stock opened above the cover price of $147.20 so will be removed from the Watch List. LONGS: Large Cap Watch List None Mid Cap Watch List None Small Cap Watch List FTR - Stock is up slightly as it continues to consolidate and close above $9.53 would be very bullish. FIVN - Stock is higher by 1.4%. A close above $31.59 would be bullish. Deletions from Watch List ALV At your service, John Hopkins EarningsBeats