EB Watch List Update Report

Dear Members: The move higher yesterday was impressive, coming after the market had gotten extremely oversold. Now today the bears are trying to reassert themselves with all of the major indexes lower. Of course traders are wondering if the market might be trying to put a bottom in here. It's certainly possible. But the VIX remains elevated here with traders remaining reluctant to commit much to the long side. It's also tough to get involved when the Dow is trading in 50-75 point chunks over seconds. Right now the S&P has support around the 2350 level, now tested twice in the past two sessions. To the upside yesterday's high of 2467 is now resistance. That's the range for the moment with the most important thing at the moment being how the market closes. At your service, John Hopkins EarningsBeats