EB Watch List Update Report

Dear Members: Market Update The market is now officially technically overbought all the way around which so far the bulls are more than willing to ignore with both the NASDAQ and S&P hitting fresh record highs. Traders can't seem to get enough of tech stocks as the NASDAQ moves closer to 8100 with only blue chips continuing to lag. One potential sign that the market has gotten ahead of itself some is the VIX which has stopped moving lower in spite of what appears to be very confident buyers. In other words, even though the market is much higher than it was even a few weeks ago the VIX is 20% higher; still very complacent but showing traders are ready to sell if the bullish momentum suddenly shifted. But it makes no sense to try to stand in the way of the bullish train unless you are willing to get run over. Still, the market is frothy here and a pullback sometime soon would be healthy. Companies reporting earnings today (August 29) Before Market Opens: DKS After Market Closes: None Companies reporting earnings tomorrow (August 30) Before Market Opens: SIG and TD After Market Closes: None ADDITIONS TO WATCH LIST Will keep you posted on any new trade alerts. At this point would like to see some type of pullback rather than get aggressive with the market now technically overbought. 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 up slightly as it holds above all key technical levels and a close above $12.15 would be bullish. WGO - Stock is down slightly as it tries to remain above its 20 day with the next key level of resistance at the 50 day moving average, currently at $40.23. Deletions from Watch List None At your service, John Hopkins EarningsBeats