EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday: CTB, DDS, HTZ, MELI, NAT, OKE, SCTY, SGY, SINA, TXRH, VNO Tuesday: AMT, AYR, BMO, CBI, FSLR, HD, M, NLY, RRD, TMUS, TOL, UTHR, VRSK, VSI NOTE: The S&P 500 is attempting to break to another fresh all-time high, but many of the warning signs remain. You can continue to trade the high quality stocks featured here at EarningsBeats.com, but simply remember that risks are higher. A covered call strategy would be a prudent approach for those of you familiar with option trading strategies. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: SJM - Up slightly, continue to consider a tight cover strategy on any close above 100.00 to avoid a large loss. Large Cap Watch List: CAT - Continues to perform well and its daily MACD is pointing higher; solid momentum for sure. CNQR - Struggling to break above price resistance just above the 128 level. FFIV - Trapped in a 110-113 range since it last broke out. The long-term negative divergence may have something to do with this. LEN - False breakout on Friday, trying again today. The daily MACD supports a move higher. ROC - Pushing to a fresh 52 week high, but volume is suspect. TEL - Might finally make that closing breakout above 58.00 that I was awaiting. Daily MACD looks solid, quick trip to 60 can't be ruled out. Mid Cap Watch List: ATK - Well off the highs from earlier today, but the strength is returning to this one. GMT - Great performance, still nice volume as well. Small Cap Watch List: TASR - Another one that's trading higher and being supported by very strong momentum, as evidenced by a MACD pointing skyward. DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless Closing Stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com