EB Watch List Update Report

Dear Members: Market Update: We've been waiting patiently (and frustratingly) for the market to correct some after the non-stop bounce off of the late December bottom but the bulls want nothing to do with that with all of the major indexes continuing their northbound move. Today's big battle is taking place on the NASDAQ as it hovers right near its 200 day moving average (currently at 7465) the lone hold out as it tries to join the Dow and S&P in closing above all key technical levels. The big winner right now is the Dow as it moves back to the level it was at on December 4 when stocks began there sharp move lower. In other words, the Dow has now regained all losses from the prior plunge. With today's move higher the market remains overbought. The VIX is lower by over 6% as it continues to hang out near 15; much lower than the recent highs but still showing some hesitancy to go all in on the long side. Key today will be the close on the NASDAQ; can it close back above the 200 day? If yes then that would likely add fuel to the rally while any late day selling might indicate the market has gotten ahead of itself as we get ready to head into a long holiday weekend. Companies reporting earnings today (February 15) Before Market Opens: CHH, DE, MCO, NWL, PEP and RBS After Market Closes None Companies reporting earnings Tuesday (February 19) Before Market Opens: AAP, EXPD, MDT, SAGE and WMT After Market Closes: DVN, HLF, HST and VRSK ADDITIONS TO WATCH LIST Will let you know if there are any additional trade alerts. Would much rather see stocks pullback then get involved at these levels. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List None Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats