EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: AMT, AYR, BMO, CBI, FSLR, HD, M, NLY, RRD, TMUS, TOL, UTHR, VRSK, VSI Wednesday: ADSK, ANF, BIDU, BUD, CHK, DLTR, JCP, LOW, NTRI, RIG, RY, SODA, TASR, TDS, TGT, TJX, WFT, WLL NOTE: The S&P 500 failed at key closing resistance just above 1848 on Monday because of final hour selling. It's once again trying to clear that level. If you're long or of the bullish mindset, obviously you'd like to see this breakout sooner rather than later. Leadership in this advance is bothersome as most of the aggressive sectors are lagging over the past few weeks to few months. Caution remains the word. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: SJM - Keeping our Closing Stop at 100.00. At last check, SJM was trading just beneath this level. Large Cap Watch List: LEN - Failed at short-term closing resistance near 42.00 on Monday. It continues to hover near that level. ROC - Strong volume is supporting today's breakout above 74.25. Assuming today's breakout holds, 74.25 now becomes solid price support on any pullback. TEL - Failed to close above 58.00 on Monday and paying a bit of a short-term price today. Mid Cap Watch List: ATK - 136.00, then 140.00 are serving as the two key short-term price resistance levels. GMT - Possible short-term bearish engulfing reversing candle forming today. If it holds into the close, expect weakness in the near-term, perhaps down as low as the 60.00 area. Small Cap Watch List: TASR - Our lone remaining Small Cap stock WILL BE REMOVED FROM OUR WATCH LIST AS THEY REPORT EARNINGS ON WEDNESDAY. DELETIONS FROM OUR WATCH LISTS: TASR reports earnings on Wednesday and will therefore be removed from our Watch List. There are no other deletions today unless Closing Stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com