EB Watch List Update Report

Dear Members:. Market Update: All is well with the market today as the S&P makes an effort to reach its all time high of 2872. It got within a few points earlier in the session with all of the major indexes higher. The NASDAQ is trying to get back on track as well after lagging recently and the bulls would love nothing more than all of the major indexes moving higher in unison, especially if the Dow started to close in on its all time high which is still many points away. We need to keep in mind that key levels like the all time high in the S&P aren't easy to clear as the stakes are high. In other words, we need to see it first instead of anticipating it will happen as it could just as easily be a near term top if the bears are able to mount a successful defense. We're certainly much closer to the upper range of the current trading range of 2800 to the downside and 2872 to the upside. So getting aggressive right now makes little sense. Companies reporting earnings today (August 21) Before Market Opens: KSS, MDT and SJM After Market Closes: LZB and URBN Companies reporting earnings tomorrow (August 22) Before Market Opens: ADI, BNED, LOW and TGT After Market Closes: None ADDITIONS TO WATCH LIST We will be updating the Candidate Tracker in the near future and will keep you posted. Will also 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 higher by 2% as it tries to clear its 50 day moving average which is currently at $11.62. A close above that level would be bullish and a close above the 200 day, currently at $11.83, would be even more bullish. CLF - PLEASE NOTE: WE ARE REMOVING CLF FROM THE REPORT and will revisit if warranted in the future. Deletions from Watch List None At your service, John Hopkins EarningsBeats