EB Watch List Update Report

Dear Members: First, please note that I've decided to conduct a webinar this afternoon at 4:30 pm eastern. During this event I will discuss a dozen or so stocks on the Candidate Tracker that could become high reward to risk trading candidates with some patience. I will be sending out room instructions later this afternoon for those who want to join me. Also the session will be recorded for those unable to attend. Market Update: We've got a mixed picture today as we begin a new trading day and week with the NASDAQ lagging the Dow and S&P. What's interesting is the script has shifted from interest in tech stocks to interest in blue chips. It's a little deceptive given the NASDAQ came close to its record high less than two weeks ago whereas the Dow remains almost 1,000 points below its all time high. But at the moment the NASDAQ is struggling to hold above its 20 day moving average while the Dow and S&P remain nicely above all key technical levels. Without question the market does better when all of the major indexes are in sync. In fact should the NASDAQ weaken further there's a decent chance both the Dow and S&P will feel the impact. We're at an interesting time of the year as we start closing in on September, a month that often favors the bears. Earnings season has come and gone, traders are fitting in last minute vacations and tech stocks are stumbling some. But the bulls still have the upper hand here as they have for a very long time so it won't be so easy to derail the market. Companies reporting earnings today (August 20) Before Market Opens: EL After Market Closes: None Companies reporting earnings tomorrow (August 21) Before Market Opens: KSS, MDT and SJM After Market Closes: LZB and URBN 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 None Mid Cap Watch List None Small Cap Watch List CSTM - Stock is fairly flat as it remains oversold. As a reminder, any CLOSE below $11.10 and the stock will be removed from the Watch List. A close above the 50 day, currently at $11.64, would be bullish. CLF - Stock will be added to the Watch List if it pulls back to $9.30. Price target is $10.50 with a stop loss of any INTRA DAY move below $9. Deletions from Watch List None At your service, John Hopkins EarningsBeats