EB Watch List Update Report

ear Members: This will be an abbreviated report with the Thanksgiving holiday upon us with the market closed tomorrow and open half a day on Friday. It's not surprising to see some type of rally today after the recent pounding and now we have all of the major indexes in sync; all broken and all below key technical levels. Even today's buying seems reluctant as traders fear any gains won't hold. Perhaps this is the type of thinking it will take to get more traders off the sidelines. The S&P got as low as 2631 yesterday so that will be the first level of support on any further selling. To the upside the 20 day moving average is up near 2720; seems a mile away for the bulls at the moment, but that level must be cleared for any hope of further gains. In the meantime, we will continue to be very selective on any new trade alerts and will keep you posted. I want to wish everyone a joyful Thanksgiving and I will be back Monday morning with my EB Watch List Update Report. At your service, John Hopkins EarningsBeats