EB Watch List Update Report

Dear Members: Market Update Another solid jobs report this morning with all of the major indexes higher as we get set to close out the week. Just like we've seen for many months now when the NASDAQ and S&P tested their respective 20 day moving averages they held with traders once again more than willing to deploy capital on the dip. And the VIX is down over 10% as trader confidence has shifted just a day after it was showing some concerns had resurfaced. The little bout of selling we did see the past few sessions helped to let some steam out of stocks; that's a good thing if you're bullish as none of the major indexes is now technically overbought. The S&P got as high as 2954 earlier in the week so that is now resistance. To the downside the S&P held perfectly at 2900 on the selling yesterday. That's the current trading range with the nod still going to the bulls. Companies reporting earnings today (May 3) Before Market Opens: BASFY, CBOE, DISH, D, FCAU, HSBC, ITT and NWL After Market Closes None Companies reporting earnings Monday (May 6) Before Market Opens: BHC, SYY and TSN After Market Closes: AIZ, FMC, HHC, KLAC, MOS and OXY ADDITIONS TO WATCH LIST Will keep you posted on any additions to the Watch List BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List None Mid Cap Watch List SAIC - Stock is higher by over 2%. A close above $74.95 would be bullish. FL - Stock closed below our stop of $56 so has been removed from the Watch List Small Cap Watch List None Deletions from Watch List FL At your service, John Hopkins EarningsBeats