EB Watch List Update Report

Dear Members: Market Update All of the major indexes are higher this morning but well off session highs as traders continue to lock in profits on any rallies. Right on cue the profit taking kicked in as the S&P reached its 20 day moving average with the NASDAQ coming up short of its 20 day and as both remain below all key technical levels. This has been a theme of late and could continue unless the bulls are able to clear some important hurdles that have allowed the bears to remain in control. Traders have a few things on their mind, starting with today's elections and continuing with the Fed set to make its interest rate announcement on Thursday. A bit surprising is the VIX being higher in spite of stocks being higher as well, perhaps a reminder that traders aren't messing around here; on any sign of selling they are moving to the sidelines. At a minimum the S&P needs to clear its 20 day, currently at 2752 and even better yet its 200 day, currently at 2763. And it's going to be difficult for the market to advance in any meaningful way unless tech stocks gain some momentum. Maybe we'll have a better sense of where the market is headed in the near term once elections results are in. In the meantime still makes sense to go easy here. Companies reporting earnings today (November 6) Before Market Opens: AES, ADM, BHC, BCC, CVS, EMR, EXPD, LLY, SAGE, SERV, USFD and ZBRA After Market Closes AIZ, DVN, ETSY, G, GDDY, PZZA, DATA AND ZG Companies reporting earnings tomorrow (November 7) Before Market Opens: CARS, DF, DISH, GRPN, HUM, KELYA, MGLN, KORS, RDWR, RAND, ROK, SO, FOX, VSI and WWW After Market Closes: ALB, AMBC, AVID, CABO, IAC, MRO, MNST, MUR, NWSA, NUS, QCOM, RNWK, ROKU, SQ, SLF, SUN, TTWO, TRIP and WYNN ADDITIONS TO WATCH Please note; we updated the Candidate Tracker which includes 71 new stocks and clearing out some old ones. If you currently get the Chart List from us and have not received it by the time the market closes please let me know. We added FCN 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 PVTL - Stock made a strong move earlier in the session only to give up a lot of the gains. The stock really needs to close back above its 20 day moving average, currently at $19.12, to get back on track. In the meantime our stop is any INTRA DAY move below $18.40. Small Cap Watch List FCN - We added this stock to the Watch List this morning at an entry price of $66.69 with a price target of $73.50 and a stop of any INTRA DAY move below $65.75. Would like to see it gain some momentum into the close. Deletions from Watch List None At your service, John Hopkins EarningsBeats