EB Watch List Update Report

Dear Members: Market Update: If this is what a pullback looks like the bulls will take it with all of the major indexes down slightly after showing signs of weakness early on. The bears had some ammo to work with as FedEx missed earnings expectations and warned of global slowing when it reported its numbers after the bell last night. But as has been the case lately traders seem to care less. We will be getting the Fed interest rate announcement this afternoon with no raise expected and as usual traders will be listening to what the Fed has to say once the decision becomes public. The S&P did get as low as 2819 this morning and a move below that level could bring 2800 into play. To the upside we saw the S&P got as high as 2852 which is now resistance. Some additional relief would be welcomed by those sitting on the sidelines and waiting for cheaper prices after the non-stop move higher for almost 3 months now. It's going to take some additional patience given the current bullish mood. Companies reporting earnings today (March 20) Before Market Opens: GIS After Market Closes MU and WSM Companies reporting earnings tomorrow (March 21) Before Market Opens: , CAG and DR After Market Closes: NIKE ADDITIONS TO WATCH LIST We will keep you posted on any new additions to the Watch List. 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