EB Watch List Update Report

Dear Members: Nothing noticeably different today as the bulls continue to control the action as the month of August nears an end and as we get ready to head into a long holiday weekend. The hierarchy continues with tech stocks at the top of the class while blue chips carry up the rear though all of the major indexes remain frothy after the recent non-stop higher. We're getting ready to head into the month of September, a month that has a reputation for being rough on stocks. So we're going to see if the bears are able to find an opening to take stocks lower or if the bulls will remain as stubborn as they have since the most recent bottom in late June. Right now there's a pretty clear range on the S&P of 2916 to the upside and 2865 to the downside. In the meantime the story line remains the same with the bulls in complete command. Companies reporting earnings today (August 31) Before Market Opens: None After Market Closes: None Companies reporting earnings Tuesday (September 4) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST We added LZB to the Watch List today with additional details below. 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 flat as it struggles to clear its 50 and 200 day moving averages. Would like to see it at least close above those levels. Note also that if the stop closes below $11.50 it will be removed from the Watch List. WGO - Stock moved below the revised Intra Day stop of $37.25 yesterday so is being removed from the Watch List. LZB - We added LZB to the Watch List this morning with an entry price of $33.10,a price target of $36.25 and a stop of any INTRA DAY move below $32.50. WGO I want to wish everyone a restful weekend and will be back with my EB Watch List Update Report next Tuesday. At your service, John Hopkins EarningsBeats