EB Watch List Update Report
Dear Members:
Market Update:
It's month end with all of the money managers squaring positions as the first quarter nears an end. Not much has really changed with the bulls still having the edge with all of the major indexes above key technical levels. It continues to look as though traders are willing to support the bulls here into Q1 earnings season which will begin the week after next. Expectations have been tapered so any sign that earnings might come out better than expected would have to be seen as a positive. Not much to add at the moment as the trading range on the S&P remains the same of 2775 to the downside and 2860 to the upside. Until one of those goes expect churning to continue.
Companies reporting earnings today (March 29)
Before Market Opens:
BB and KMX
After Market Closes
None
Companies reporting earnings Monday (April 1)
Before Market Opens: ,
CALM
After Market Closes:
None
ADDITIONS TO WATCH LIST
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
LEG - Stock is up slightly but off the high of the session where it was rejected at the 20/50 day moving averages. It really needs to close above $42.75 in order to have a shot at the next level higher.
TTD - Stock is up nicely today. We issued a profit alert at $194. If it closes above that level it could continue to move higher. If you continue to hold you should consider raising your stop to make sure you lock in profits.
Small Cap Watch List
None
Deletions from Watch List
TTD
At your service,
John Hopkins
EarningsBeats