EB Watch List Update Report
Dear Members:
Market Update:
The market continues to march on just fine with all of the major indexes higher. This is one of those times when traders seem content with holding on to their positions as all of the major indexes to hold above key technical levels. Later today the Fed will announce it is raising rates by .25. Then we'll hear from the Fed chairman who will attempt to clarify what the Fed is seeing and how that might impact future rate increases. The range on the S&P remains 2940 to the upside and 2900 to the downside. Until one of those goes expect further consolidation as the month of September nears an end.
Companies reporting earnings today (September 26)
Before Market Opens:
KMX and WOR
After Market Closes:
BBY and FUL
Companies reporting earnings tomorrow (September 27)
Before Market Opens:
ACN, CCL, CAG, MKC and RAD
After Market Closes:
PRGS
ADDITIONS TO WATCH LIST
We added URBN and VSI to the Watch List yesterday. URBN moved below its stop level so has been removed from the Watch List.
Also, please note that the Candidate Tracker has been updated.
BRIEF COMMENTS ON WATCH LIST STOCKS
SHORTS:
None
LONGS:
Large Cap Watch List
None
Mid Cap Watch List
VRNT - Stock moved below our Intra Day stop of $49.10 so has been removed from the Watch List.
Small Cap Watch List
TLYS - Stock is higher by about 1%. A close back above $19 would be very bullish.
ONDK - Stock challenged its 20 day moving average, currently at $7.73, earlier in the session before pulling back. A close above that level would be bullish.
VSI - We added this stock to the Watch List yesterday with an initial entry price of $11.05 with a second entry on any pullback to $10.50 with a price target of $12.65 and a stop of any INTRA DAY move below $10.30. A close above $11.70 would be bullish.
Deletions from Watch List
VRNT and URBN
At your service,
John Hopkins
EarningsBeats