EB Watch List Update Report

Dear Members: Market Update: Consolidation continues with the S&P bouncing from yesterday's low of 2903, just above the first key level of technical support, and holding just as the bulls hoped it would. The primary move higher today is coming in the NASDAQ as it gets back in sync with the Dow and S&P, something the bulls have been waiting to happen. With only one more trading day left in September the bulls should be pleased with how the market has behaved with earnings season set to begin within the the next few weeks. And the market has easily absorbed yesterday's Fed rate increase, even knowing that at least one additional increase is likely coming by year end. Though the bulls would love nothing more than seeing the market power forward the second best outcome at the moment is holding the bulk of recent gains. And the range on the S&P remains the same as it has been for the past week of 2940 to the upside and 2900 to the downside. Bottom line: The bulls must be respected, especially if the S&P holds the 2900 level. Companies reporting earnings today (September 27) Before Market Opens: ACN, CCL, CAG, MKC and RAD After Market Closes: PRGS Companies reporting earnings tomorrow (September 28) Before Market Opens: BB and MTN After Market Closes: NONE ADDITIONS TO WATCH We added CREE to the Watch List this morning with additional details below. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List CREE - Stock was added to the Watch List this morning at an initial entry price of $37.73 with a second entry on any pullback of $37 with a price target of $41.50 and a stop of any CLOSE below $36.50. A close back above $38 could be a signal that the worst of the selling is over. Small Cap Watch List TLYS - Stock is higher by 2.85% and a close back above $19.50 would be very bullish. ONDK - Stock is up slightly and a close above $7.52 would be bullish. VSI - Stock moved below its Intra Day stop of $10.30 yesterday so has been removed from the Watch List. Deletions from Watch List VSI At your service, John Hopkins EarningsBeats