EB Watch List Update Report

Dear Members: The bears are pleased to see stocks get off to a rocky start with all of the major indexes lower as we begin a new trading day and week. The S&P has already moved below its October 29 low of 2603 with the next key level of support near 2575, a level not touched since early April. There's just no getting around the fact that traders are reluctant to get involved on the long side, or at the very least, are being picky, which makes a lot of sense given recent volatility. We may find at some point that traders collectively come to the conclusion that there are some decent bargains out there. But not many traders are currently willing to take that risk. We'll continue to remain cautious here with perhaps a nibble or two under the right circumstances and with tight stops in case the market continues moving lower. Companies reporting earnings today (December 10) Before Market Opens: None After Market Closes SFIX Companies reporting earnings tomorrow (December 11) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH We added WMGI to the Watch List on Friday and issued an alert on GOOS this morning that has become active since it hit the pull back entry price of $56.25 with additional information on both below. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List WMGI - We added this stock to the Watch List Friday at an entry price of $26.49 with a price target of $29 and a stop of either a close below $26.25 or any Intra Day move below $26. So far today it's holding up fairly well and a close back above $27 would be bullish. GOOS - Stock was added this morning at a price of $56.25 with a price target of $62 and a stop of any CLOSE below $55.50. Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats