EB Watch List Update Report

Dear Members: Market Update: If you like tossing the dice then this is a perfect environment to trade in with the Dow down 400 one day, up 300 the next and down 200+ the next. It's the type of environment where stocks have difficulty holding short term gains and where surprising news out of nowhere magnifies concerns. The VIX is fairly flat today but still above both the 20 and 200 day moving averages still showing traders have at least one finger on the sell button. Already this morning the NASDAQ was 50 points off of its low; a big swing caused by?? The bulls will point to their ability to hold the line at key levels - i.e.. today bouncing right at the 20 day. But it's not like the market is showing any signs of stability. To be honest I would very much like to see a big dump, but it doesn't mean it is going to happen. Instead we're now stuck in a very tight range of 2700 to the downside and 2742 to the upside on the S&P and until one of those goes just expect more of the same. Companies reporting earnings Today (May 31) Before Market Opens: AEO, CIEN, DG, DLTR, DCI, EXPR, FRO, JILL and TECD After Market Closes: COST, GME, LULU, MRVL, ULTA and VMW Companies reporting earnings tomorrow (June 1) Before Market Opens: ANF After Market Closes: None ADDITIONS TO WATCH LIST We added SEDG to the Watch List yesterday afternoon with additional information below. PLEASE NOTE: We have now sent the Chart List to those on our list who are StockCharts.com members. If you have not received the list please let us know. 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 dipped below the stop loss of $8.85 so is being removed from the Watch List. SEDG - Stock is lower by 1.7% after testing its 20 day earlier in the session before pulling back. As a reminder our stop is any CLOSE below the 50 day moving average, currently at $57.14. Any close back above the 50 day, currently at $60.37, would be very bullish. Deletions from Watch List PLAB At your service, John Hopkins EarningsBeats