EB Watch List Update Report

Dear Members: Market Update: Traders have turned their attention to blue chip stocks with the Dow inching its way towards its all time high. The shift in stocks considered less risky continues as the NASDAQ struggles to find any footing while the S&P continues to trade in a fairly narrow range. As usual we need to keep things in perspective here. One of the major indexes is near its all time high while the other two got very close yesterday. So at this point it wouldn't take much to get all of the major indexes marching in sync. I see nothing indicating the market is ready to give it up here. Of course that could always change. But for the moment as long as the S&P holds 2900 the bulls remain in charge. Companies reporting earnings today (October 2) Before Market Opens: PAYX and PEP After Market Closes None Companies reporting earnings tomorrow (October 3) Before Market Opens: AYI and LEN After Market Closes: PIR ADDITIONS TO WATCH We Re-Added DOCU to the Watch List after it stopped out from yesterday's alert with additional details below. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List DOCU - Stock was added as an alert yesterday with a stop of any INTRA DAY move below $48.40 which did occur. We re-added the stock this morning at an entry price of $46 with a price target of $53 and a stop of any CLOSE below $45.20. Would be very bullish if stock holds here with a reversal into the close, especially given capitulation like selling. However, if it closes below $45.20 it will be removed from the Watch List. Mid Cap Watch List CREE - Stock got close to our second entry level of $37 before bouncing. A close back above $38 would be very bullish. Small Cap Watch List TLYS - Stock moved below our Intra Day stop of $18.20 so will be removed from the Watch List. Deletions from Watch List TLYS At your service, John Hopkins EarningsBeats