EB Watch List Update Report

Dear Members: Market Update: The market showed once again that there is no tolerance for those companies priced for perfection that disappoint with Facebook getting hammered today as they came up short on their earnings after the bell yesterday with the stock down 20%. The good news for the bulls is that the Dow is up nicely and the S&P is holding just fine. And in fact the NASDAQ is well off of its low for the session. Though blue chips continue to lag compared to tech stocks the gap has narrowed considerably. In fact, in looking at the Dow, it is now in technically overbought territory as it has climbed over 1500 points in just a few weeks. In case traders are looking for more clues as to where the market might be headed in the near term they will get earnings from two more tech giants after the bell today; Amazon and Intel. Will we see a market reaction like we did in FB or might we see the opposite? We'll know in another 5-6 hours. The S&P got as high as 2848 yesterday so that is the new bar. Climbing above that level would put the S&P one step closer to its all time high of 2872. Companies reporting earnings Today (July 26) Before Market Opens: ALK, ALXN, AGN, ALLY, MO, AAL, BUD, AZN, BANC, BAX, BWA, BMY, BC, CELG, CME, CMCSA, COP, DHI, DLX, DNKN, GNC, GRA, GWB, HP, HSY, IP, KKR, LLL, LAZ, LEA, TREE, MPC, MMC, MLM, MA, MCD, MCK, NEM, NLSN, NOK, PAG, PCG, PDS, PHM, RDN, RTN, RS, ROP, RDS.A, LUV, SAVE, SPOT, SXC, SYNT, TSEM, TSCO, UAA, VLO, VC, WWE and XRX After Market Closes: EGHT, AFL, AMZN, AMGN, BZH, SAM, BYD, CMG, COLM, CYH, CUBE, CY, DECK, DFS, EIX, EXPE, FICO, FSLR, FLEX, FBHS, HIG, INTC, JNPR, LRCX, LSCC, LYV, MXIM, NCR, PFG, SKYW, SBUX, VRSN, WRE, WDC and AUY Selected Companies reporting earnings tomorrow (July 27) Before Market Opens: AC, B, CVX, CVEO, CL, XOM, GT, IMGN, IRM, MGLN, MNI, MRK, MCO, PSX, PJC, TEN, TWTR and WY After Market Closes: None ADDITIONS TO WATCH LIST Will keep you posted on any new trade alerts. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List EXPD - Stock moved below our revised stop of $75.20 this morning so is being removed from the Watch List. Mid Cap Watch List None Small Cap Watch List PLAY - Stock remains above both its 200 and 50 day moving averages. I have noticed that the 50 day has crossed back above the 200 day for the first time in quite a while which is a positive. TLRD - Stock is up slightly and a close above $22.39 would be bullish. Deletions from Watch List EXPD At your service, John Hopkins EarningsBeats