EB Watch List Update Report

Dear Members: Market Update: The bulls weren't crazy about losing ground yesterday and today both the NASDAQ and S&P are higher with only blue chips lagging. The little bit of selling we did see yesterday doesn't exactly qualify as a correction; the market remains lofty. But the bulls might not be ready to relinquish the momentum as we close in on Q1 earnings season. We'll get the Fed minutes from the last FOMC meeting later this afternoon. No surprises are expected so anything out of the blue might result in increased volatility. We know the S&P got as high as 2895 earlier in the week so that's a level the bulls know they need to clear to take stocks higher. To the downside the S&P touched 2873 yesterday which is now support and underneath that the 20 day moving average at 2846. In the meantime the bulls must continue to be respected; they're in charge until something develops to change the narrative. Companies reporting earnings today (April 10) Before Market Opens: DAL After Market Closes BBBY Companies reporting earnings tomorrow (April 11) Before Market Opens: , FAST After Market Closes: None ADDITIONS TO WATCH LIST Please note that we have updated our Strong Earnings Chart List. We've also changed our delivery method so all you have to do is click on a link with a password to see the list of stocks. There have been some changes which we will outline when we send out the list later today so stay tuned! BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List PANW - Stock is higher by 1.5% but off high of the session. A close above $244.20 would be bullish. Mid Cap Watch List None Small Cap Watch List IVC - Stock started out on a positive note but is now down slightly. Would like to see it close above the high of the day of $7.58. Our stop remains any CLOSE below $7.20. Deletions from Watch List None At your service, John Hopkins EarningsBeats