EB Watch List Update Report

Dear Members: Market Update: Yesterday the sky was falling. Today? Not so much with all of the major indexes higher. As has been the case lately the bulls seem to step in at important levels - i.e., the 20 day on the S&P, currently at 2705. And as usual the NASDAQ is showing the most strength as traders gravitate to tech stocks. And the VIX which almost touched 19 yesterday is down almost 20% and back below 15 as traders nerves seem to have calmed some. Worth noting is the NASDAQ has cleared its most recent high with the bulls eyeing 7500, a level not seen since Mid March. If the bulls are able to hold or even build on today's gains into the close the next level of resistance is quite clear; 2742, a level where it has stalled a few times recently. To the downside the 20 day, currently at 2706 should be considered support. Companies reporting earnings Today (May 30) Before Market Opens: ADI, BMO, CHS, DKS, DSW and KORS After Market Closes: BOX, GES and PVH Companies reporting earnings tomorrow (May 31) Before Market Opens: AEO, CIEN, DG, DLTR, DCI, EXPR, FRO, JILL and TECD After Market Closes: COST, LULU, MRVL, ULTA and VMW ADDITIONS TO WATCH LIST We added PLAB to the Watch List this morning with additional information below PLEASE NOTE: We have updated the Candidate Tracker. We have added almost 100 stocks that beat earnings expectations and 24 stocks that missed earnings expectations. We have also deleted those that no longer need to be on the list. Some of the new additions could become trade alerts. In addition those who have been getting the Chart List you will get an updates list sometime today BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List None Small Cap Watch List PLAB - Stock was added to the Watch List today at an entry price of $9 with a price target of $10 and a stop loss of any INTRA DAY move below $8.85. A close above $9.25 would be bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats