EB Watch List Update Report

Dear Members: The bulls are continuing to try to dig themselves out of a hole here but it's a deep one with only the NASDAQ slightly higher while the Dow lags. The bounces we've seen lately have been short-lived, seen more as an opportunity to unload positions rather than jumping in on the long side which is what I would expect with all of the major indexes technically broken. In some ways it's simple here; either we see some serious repair work here, starting with the S&P closing back above its 20 day moving average, or the market will continue to favor the bears. That 20 day is currently at 2708 so still a lot of heavy lifting for the bulls. It's hard to say exactly what might lift the market here but it doesn't really matter. The S&P tested 2631 twice last week so that is now important support with the 20 day now key resistance. The S&P is pretty much in the middle of the range, nothing convincing either way with the bears getting the benefit of the doubt until further notice. Companies reporting earnings today (November 27) Before Market Opens: EV and CBRL After Market Closes CRM Companies reporting earnings tomorrow (November 28) Before Market Opens: CHS, DKS, JILL, SINA, SJM and TIF After Market Closes: GES, LZB, SMTC and VEEV ADDITIONS TO WATCH We added AJRD to the Watch List this morning with additional details below. Still is a time to be VERY picky while waiting for even better opportunities and we'll keep our stops tight in case the market continues to slide. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List None Small Cap Watch List AJRD - We added the stock to the Watch List this morning with an entry price of $32.82 with a price target of $36 and a stop of any CLOSE below $32.60 or any INTRA DAY move below $32. Deletions from Watch List None At your service, John Hopkins EarningsBeats