EB Watch List Update Report

Dear Members: Market Update: The market has perked up after a sluggish start to the day with all of the major indexes higher. The problem for the bulls is they've dug quite a hole for themselves in a highly volatile market. So each time a decent rally starts traders are forced to consider taking profits as they can disappear fast. The bulls are hoping that the turnaround in the Dow today could be the beginning of a more sustained rally or in the very least indicate the worst of the selling is over. But as long as the VIX remains at elevated levels that will be a challenge. At a minimum the S&P will need to clear its 200 day moving average, currently at 2762 for the bulls to have any shot at regaining momentum. As long as it remains below that level the bears will continue to call the shots. Companies reporting earnings today (November 13) Before Market Opens: AAP, BZH, HD and TSN After Market Closes None Companies reporting earnings tomorrow (November 14) Before Market Opens: WMT After Market Closes: AMAT, JWN, NVDA, SCVL and WSM ADDITIONS TO WATCH We issued a profit alert on GOGO and also removed FCN from the Watch List. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List ZEN - Stock closed below the stop loss of $53.31 yesterday so was removed from the Watch List. FCN - Stock is being removed from the Watch List. PVTL - Stock is higher by almost 3%. If it continues higher it could run into resistance at the 20 day moving average, currently at $18.71.We may adjust the stop loss and price target levels so will keep you posted. Small Cap Watch List GOGO - We issued a profit alert on this stock today at $6.49 so it is being removed from the Watch List. GREAT TRADE! CLDR - Stock moved below the Intra Day stop of $12.15 yesterday so was removed from the Watch List. HEAR - Stock is higher today by 4% with the next key level of resistance near $16.80. Deletions from Watch List ZEN, FCN, GOGO and CLDR At your service, John Hopkins EarningsBeats