EB Watch List Update Report

Dear Members: First, as a reminder, we will have our Quarterly Update Webinar this afternoon at 4:30 pm eastern. Tom Bowley will be joining me as we discuss creating Chart Lists and preparing for the upcoming earnings season. There's no need for you to register and you will be sent room instructions prior to the event. Also the webinar will be recorded for those of you unable to attend the live presentation. Market Update: The bulls must be pleased with some nice follow through this morning with all of the major indexes higher as we begin a new trading day and week. Even better for the bulls; blue chip stocks are leading the move higher with the Dow finally back above all key technical levels. The VIX is lower by over 3% and back in the 12's after challenging 20 not too many days ago showing confidence is building just as earnings season is about to get under way. The S&P got as high as 2778 with the next key level of resistance up near 2790. That is an important level to clear with 2800 next, a level not seen since mid March. Earnings season will get underway on Friday when four major banks report their numbers. Financials are showing some strength today and the overall market would have a much easier time moving even higher if the banks showed some renewed strength. Some more good news for the bulls; none of the major indexes are close to being overbought, even with the recent move higher. So if they can hold the early gains into the close that would have to be seen as a positive. Companies reporting earnings Today (July 9) Before Market Opens: None After Market Closes: NONE Companies reporting earnings tomorrow (July 10) Before Market Opens: PEP After Market Closes: None ADDITIONS TO WATCH LIST Will keep you posted on any additional trade alerts BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List EXPD - Stock is higher by over 2% and a close back above its 20 day, currently at $73.51, would be very bullish. Mid Cap Watch List GDOT - Stock is up slightly as it remains above all key technical levels and a close above $76.80 would be bullish. Small Cap Watch List GIII - Stock moved below its Intra Day stop of $42.90 so is being removed from the Watch List. Deletions from Watch List GIII At your service, John Hopkins EarningsBeats