EB Watch List Update Report

Dear Members: Market Update: The VIX is showing both sides of the fence lately. Yesterday it closed back above all key technical levels in over a month as traders had second thoughts about being long. Today it's down 10% as traders wade back in on the long side and showing volatility at its finest as we near options expiration Friday. This continues to be a market that is tough to bet against. In fact, since the end of July the S&P has tested its 20 day moving average a half a dozen times and held. Even the most ardent bear would have to agree the bulls consistently step up where they need to. Bottom line: the bulls remain in charge. Resistance remains at the all time high of 2872 with support at 2800. Companies reporting earnings today (August 14) Before Market Opens: AAP, CSIQ and HD After Market Closes: A and CREE Companies reporting earnings tomorrow (August 15) Before Market Opens: None After Market Closes: BGG and CSCO ADDITIONS TO WATCH LIST We added CLF to the Watch List this morning with conditions with additional details below BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List ALXN - Stock moved below our stop loss yesterday so was removed from the Watch List. Mid Cap Watch List None Small Cap Watch List CLF - Stock will be added to the Watch List if it pulls back to $10. Price target is $11.10 with a stop loss of any INTRA DAY move below $9.90. Deletions from Watch List ALXN At your service, John Hopkins EarningsBeats