EB Watch List Update Report

Dear Members: An abbreviated report today as I am in travel mode. Weak retail sales has stocks lower today though well off session lows. The S&P fell back below its 200 day moving average, currently at 2744, at least for now. Will it remain below that level is the real question as traders remain in a buy on the dip mood. The S&P did get as low as 2731 this morning so that is now very near term support. Below that is 2691, the 20 day, which currently seems miles away. On the upside yesterday's high of 2761 is now resistance. At your service, John Hopkins EarningsBeats