EB Watch List Update Report

Dear Members: Market Update: Microsoft reported earnings after the bell last night with a positive response which is helping take stocks higher this morning. The move higher in MSFT is encouraging for the bulls who have set the bar high for earnings season in general. The S&P continues to hang out in the 2800+ range, not blasting off but holding where it needs to for now. We know the recent high was 2816 so that's the level the bulls need to negotiate if they hope to take the market higher. The earnings parade will continue in full force next week which will keep traders on their toes as they look for those companies that beat/miss expectations. The recent move higher in stocks has resulted in stochastics in the 90's on all of the major indexes. RSI's have not yet confirmed technically overbought conditions so there's still room to run higher should traders remain in a bullish mood. Companies reporting earnings Today (July 20) Before Market Opens: BHGE, GE, GNTX, HON, KSU, MAN, NVR, SLB, SWK, STT and STI After Market Closes: None Companies reporting earnings Monday (July 23) Before Market Opens: BOH, HAL, HAS, ITW and NTGR After Market Closes: GOOGL, GOOG, CR, KALU, OI, STLD, AMTD, WHR and ZION ADDITIONS TO WATCH LIST We added MOMO to the Watch List yesterday with additional information below. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List EXPD - Stock is working on clearing its 50 day moving average, currently at $73.79, and a close above that level would be bullish. Mid Cap Watch List MOMO - We added this stock to the Watch List yesterday at an entry price of $44.36 with a price target of $48.50 with a stop of any INTRA DAY move below $43.35. It's higher by 2% today and a close above $45.62 would be bullish. Small Cap Watch List PLAY - Stock is lower by 1.25% but so far is holding at the 20 day moving average. has pulled back some after the nice move higher yesterday. A move above Wednesday's high of $49.83 would be bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats