EB Watch List Update Report

Dear Members: A bit of profit taking today which is no surprise given the big spike yesterday and as traders look to lock in some gains. Even with the selling today all of the major indexes are back over their respective 20 day moving averages with the Dow also back above its 200 day. Even though the selling has been fairly contained today the VIX shot up over 10% at one point and is currently back above all key technical levels and reminding everyone that traders are more than ready to unload more shares on any threat of further selling. But that strong rally yesterday that came as the Fed relaxed its interest rate stance some caught the attention of a lot of traders who are wondering if there might be a Santa Claus rally coming after all. We might get some more clues over the next few days when leaders from the G20 nations meet to try to find common ground. We've now got a new level of support on the S&P at 2713, the 20 day moving average. To the upside the S&P got as high as 2744 yesterday so that is now resistance. Bottom line; things look better today for the bulls than they have in a while but there's still a lot more repair work to be done before declaring the market is out of the woods. Companies reporting earnings today (November 29) Before Market Opens: ANF, DLTR, EXPR and TD After Market Closes AVAV, DVMT, HPQ, PANW, PVH, SPLK, VMW and WDAY Companies reporting earnings tomorrow (November 30) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH We added EZPW to the Watch List yesterday afternoon and GHDX 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 None Small Cap Watch List AJRD - Stock is up slightly after a nice move higher yesterday and a move above $35.40 would be bullish. EZPW - Stock is slightly higher this morning as it attempted to clear its 20 day moving average earlier in the session and a close above $9.63 would be bullish. GHDX - We added this stock to the Watch list this morning at an entry price of $77.50 with a price target of $86.25 and a stop of any INTRA DAY move below $76.70. A close above $78.95 would be bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats