EB Watch List Update Report

Dear Members: As a reminder we will be conducting our Quarterly Earnings webinar today at 4:30 pm eastern. There's no need for you to register and you will be sent room instructions prior to the event. Market Update We're into a new trading day and week and already this morning have seen a 90 point swing in the NASDAQ from low to high as earnings season gets ready to kick into high gear. Even with the NASDAQ well off sessions low it still remains below all key technical levels while the S&P is struggling to get back above its 200 day moving average and blue chips aren't getting any type of bid. So the bears remain very stubborn here not wanting to give an inch if they can help it. This week some of the big guns will be releasing their numbers including Alphabet/Google, Amazon, Boeing, Caterpillar and Microsoft, to name a few, along with hundreds of other companies. Thus it's safe to say that we're going to continue to see a volatile market; will Corporate America come through or not? Though none of the major indexes are technically oversold there certainly are MANY stocks that do fall into that category. Yet traders remain quite reluctant to get aggressively long here as they remain concerned that stocks could go even lower. Bottom line at the moment is we'll need to continue to be defensive while being very selective. We've seen recently that even stocks that are very oversold can continue to go lower resulting in more stop outs than usual. At some point that could change and we could see some sizable gains. We just need to be super selective until things become more trader friendly. Companies reporting earnings today (October 22) Before Market Opens: BOH, HAL, HAS, KMB and PII After Market Closes CR, SLM, AMTD and ZION Companies reporting earnings tomorrow (October 23) Before Market Opens: MMM, ARCH, BIIB, CAT, CIT, GLW, FITB, HOG, HBAN, JBLU, LMT, MBFI, MCD, PHM, DGX, SNV, TRU, UTX and VZ After Market Closes: AMP, COF, CSL, CB, ILMN, IRBT, JNPR, LRN, NAVI, RHI, SIX, TER, TXN and UMBF ADDITIONS TO WATCH We will keep you posted on any additions to the Watch List. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List SPLK - Stock closed below its stop so is being removed from the Watch List. Mid Cap Watch List CLDR - Stock closed below its stop so is being removed from the Watch List. AEO - Stock is higher by almost 5% as it has moved back above its 200 day moving average, at least Intra Day. A close back above its 20 day, currently at $22.18, would be very bullish. Small Cap Watch List SCVL - Stock is higher by almost 4% and a close above $39.28 would be bullish. EXPR - Stock is higher by 1% and a close back above its 200 day moving average, currently at $8.78, a level it needs to clear to make further progress to the upside. Deletions from Watch List CLDR and SPLK At your service, John Hopkins EarningsBeats