EB Watch List Update Report

Dear Members: Like many days lately this will be another one where traders ask, "will the gains hold?" So far all of the major indexes are up nicely as the morning is well under way. Recently we've seen rallies fizzle out as the day progresses and even with the rise so far all of the major indexes remain below all key technical levels, something that needs to change if the bulls hope to move the market higher. Even though the VIX is down it's not by much and it remains above all key technical levels. So traders aren't yet showing a willingness to go all in on the long side. In what might be considered a mini positive for the bulls we've now seen higher lows the past two sessions since the market hit its lows on Monday. But of course two days don't make a trend. Until traders decide to hold their positions beyond a day or two the market remains vulnerable here. Companies reporting earnings today (December 12) Before Market Opens: None After Market Closes None Companies reporting earnings tomorrow (December 13) Before Market Opens: CIEN After Market Closes: COST and ADBE ADDITIONS TO WATCH We added NOMD to the Watch List yesterday with additional details below. Will keep you posted on any additions to the Watch List BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List WMGI - Stock is having a very nice day and we issued a profit alert at $28.20 so it will be removed from the Watch List. GOOS - Stock closed below our stop so is being removed from the Watch List. NOMD - We added this stock to the Watch List yesterday at an entry price of $18.55 with a price target of $20.10 and a stop of any INTRA DAY move below $18.40. So far it's higher by 1.4% and a close above $18.84 would be bullish. Small Cap Watch List None Deletions from Watch List GOOS and WMGI At your service, John Hopkins EarningsBeats