EB Watch List Update Report

Dear Members: Market Update: The market has been looking for any type of catalyst to get traders re-interested and the news that US and China might look to engage in trade talks seems to have done the trick with both the Dow and S&P higher and the NASDAQ well off session lows.The most interest continues to be in blue chip stocks and those in the S&P with traders still hesitant to go all in on tech stocks. The VIX, which was higher earlier in the session, has now turned negative; maybe some optimism that tariffs won't stall the economy. I do like to focus on the S&P as it represents a broad spectrum of companies whereas the Dow is confined to 30 stocks. So far the S&P has held exactly where it needed to; it's a testament to the stubbornness of the bulls with traders repeatedly ready to step in at key support levels. But it would be even more bullish if the appetite for tech stocks picks back up as having all of the major indexes rising in sync would show continuing interest in the overall market. In the meantime we do want to see if the reversal sticks, and even better yet builds into the close as a move back above 2900 on the S&P would be bullish. On the other hand, any pick up in selling could indicate that traders aren't quite ready to overly commit capital to stocks. Companies reporting earnings today (September 12) Before Market Opens: None After Market Closes: SAIC Companies reporting earnings tomorrow (September 13) Before Market Opens: KR After Market Closes: None ADDITIONS TO WATCH LIST We added ONDK to the Watch List this morning with additional details below. Also, the Candidate Tracker has now been updated which is available for all members to review. We will be sending the Chart List later today to those members who are currently receiving. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List STAY - Stock continues in consolidation mode and a close above $20 would be bullish. ONDK - We added this stock to the Watch List today at an entry price of $7.91 with a stop of any CLOSE below the 200 day moving average, currently at $7.87 and with an initial price target of $8.65. Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats