EB Watch List Update Report

Dear Members: Market Update: The bulls were hoping to add on to last week's gains but traders are taking advantage of the recent run up while taking some profits off the table and with all of the major indexes lower. This shouldn't be too surprising with the S&P within striking range of its all time high and considering it was overbought coming into this morning's session. There's also some pressure on blue chips this morning with Goldman Sachs down over 3% on its earnings report this morning and Citigroup down over 1% as it reported s well. Speaking of earnings it's going to start to heat up big time this week and especially next week with both IBM and Netflix on tap to report their numbers after the bell tomorrow night as traders get a first peek at two tech giants. With NFLX struggling lately the market reaction to their numbers could be telling. Once again we need to keep things in perspective here; today's selling has so far been contained with traders continuing to be ready to pick up stocks on pull backs. Thus we'll continue to give the bulls the edge here unless something changes that warrants more caution. Companies reporting earnings today (April 15) Before Market Opens: C, GS and MTB After Market Closes None Companies reporting earnings tomorrow (April 16) Before Market Opens: , BAC, BLK, CMA, JNJ, PRG and UNH After Market Closes: CSX, IBM, NFLX and UAL ADDITIONS TO WATCH LIST Will keep you posted on any additional additions to the Watch List BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List PANW - Stock is higher by about 1%slightly lower after the nice move the past few sessions. A close above yesterday's close of $247.38 would be bullish. Mid Cap Watch List None Small Cap Watch List DOMO - Stock is lower as it moves back below its 20 day moving average, currently at $38.62, a level it needs to close back above to get back on track. Deletions from Watch List None At your service, John Hopkins EarningsBeats