EB Watch List Update Report

Dear Members: Market Update: The VIX shot up early in today's session as it briefly moved above all key technical levels with nerves being tested before settling down and turning flat. Since then the market has moved higher as we begin a new trading day and week. Traders have certainly been willing to ignore any bad news these days while looking for any new reasons to get involved on the long side and its one of the reasons the S&P has remained above all key technical levels for well over a month now. At the same time, the bulls have tried a few times to take the S&P back to its all time high of 2872 without success which has some traders wondering if the market could soon run out of steam. It's certainly possible but so far traders have been willing to buy on any pullbacks. The range on the S&P remains 2800 to the downside and 2872 to the upside. We could well see continuing consolidation until one of those levels gives. Companies reporting earnings today (August 13) Before Market Opens: SYY After Market Closes: FTEK Companies reporting earnings tomorrow (August 14) Before Market Opens: AAP, CSIQ and HD After Market Closes: A and CREE ADDITIONS TO WATCH LIST We added ALXN to the Watch List this morning with additional details below BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List ALXN - Stock was added to the Watch List this morning at an entry price of $119.81 with a price target of $131 and a stop loss of any CLOSE below the 200 day moving average. Mid Cap Watch List None Small Cap Watch List None Deletions from Watch List At your service, John Hopkins EarningsBeats