EB Watch List Update Report

Dear Members:. The bulls have plenty to cheer about with all of the major indexes higher as we begin a new trading day and week. First, the NASDAQ and S&P have hit new record highs with the NASDAQ hitting 8000 for the first time in history. Next, the S&P finally broke out from its prior high and is closing in on 2800. And even the Dow is having some success as it touched 26,000 for the first time since the beginning of February. Some more good news for the bulls; none of the major indexes are technically overbought at the moment so there's still room to run to the upside. Of course the question becomes; how high might the NASDAQ and S&P go? In the case of the NASDAQ it's already cleared a milestone level so perhaps something in the area of 8050 might be next. In the case of the S&P 2900 would be a milestone level. Only the Dow remains well off of its all time high of 26,616 so it's still going to take some work to reach that level. There's not much more to say. The market is firing on all cylinders. At some point it could get overheated but right now that is of little concern to the bulls. Market Update:. Companies reporting earnings today (August 27) Before Market Opens: None After Market Closes: None Companies reporting earnings tomorrow (August 28) Before Market Opens: BMO, BNS and BBY After Market Closes: None ADDITIONS TO WATCH LIST Please note that we are in the process of updating the Candidate Tracker which will be completed and available to members by noon tomorrow. When updated it will have 292 stocks, or over 140 more than currently on the list. This should provide for some fresh, high reward to risk trading candidates, especially if we are patient. Stay tuned! 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 2.75% this morning. Would like to see the stock build some momentum into the close and a close above $12.25 would be very bullish. WGO - Stock is higher by almost 3%. Would like to see the stock close above its 20 day moving average, currently at $38.43, which would be bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats