EB Watch List Update Report

Dear Members: Market Update The bulls are pleased to get another follow through today with all of the major indexes higher as we begin a new trading month. For the first time in almost a month the VIX is below its 20 day moving average, at least so far. That's significant since the bears have had the technical advantage for the entire month of October. But the VIX is still at a level that has traders on pins and needles and wondering if the buying these past few sessions is nothing more than a relief rally rather than a near term bottom. Tonight after the bell Apple will release its earnings. It's a big deal because a positive/negative response to AAPL's earnings really can make a difference to the entire market; does the rally continue or does profit taking kick in? Adding to the short term drama will be tomorrow's jobs numbers, a report that always makes a difference, especially with the Fed looking at every important piece of economic data to help it make interest rate decisions. If traders remain in a good mood we could see the NASDAQ and S&P try to get to their respective 200 day moving averages of 7518 and 2765. It's still going to take some work and the response to AAPL's numbers after the bell and the morning's jobs report could make the difference between higher prices or a market retreat. Companies reporting earnings today (October 30) Before Market Opens: FLWS, AVP, BLL, CI, D, DWDP, EXC, HBI, TREE, MSG, MPC, NYT, PH, PENN, PBI, RDS.A, BID, SPOT, SSYS, TEVA, W and WYND After Market Closes Y, MDRX, AAPL, ATHN, CBS, CRUS, ED, FICO, FLR, HST, KHC, LNC, MET, MSI, SHAK, SBUX, SYMC, TRMB, X, WTW and WU Companies reporting earnings tomorrow (November 1) Before Market Opens: BABA, CBOE, CVX, DUK, EXTR, XOM, NWL, STX and USM After Market Closes: None ADDITIONS TO WATCH We added CLDR to the Watch List yesterday with additional details below BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List WSM - Stock pulled back decently this morning before recovering and a close above $59.85 would be bullish. Small Cap Watch List CLDR - We added this stock to the Watch List yesterday at an entry price of $13.72 with a price target of $15 and a stop (which was revised this morning) to any CLOSE below $13.49. The stock really needs to clear $14 to make further progress. Deletions from Watch List None At your service, John Hopkins EarningsBeats