EB Watch List Update Report

Dear Members: First, we will be conducting our "Top 10 Stock Picks" webinar featuring Tom Bowley of StockCharts.com this Sunday, May 19 at 7 pm eastern. As a full service member you are invited to attend the webinar at no additional cost. THERE'S NO NEED FOR YOU TO REGISTER! You will be sent room instructions prior to the event. Also the webinar will be recorded for those of you unable to attend the live session. Market Update The market got off to a rough start but is well off session lows as we get ready to close out a volatile week. The move off the bottom comes with options expiring today so some increased volatility. And interest on the buy side picked up nicely after the Michigan Consumer confidence survey blew away expectations. Some of the nervousness that existed recently has subsided. The VIX was in the 23's last week; it dropped back in the 14's earlier in the session. And though both the NASDAQ and S&P are having some difficulty moving back above their respective 20 day moving averages they are both well off the lows on the bout of selling we saw earlier in the week. Right now the range on the S&P is 2892 (yesterday's high) to the upside and 2800 to the downside. The 20 day is at 2882 and a close back above that level would give the bulls the technical advantage while a close below could result in some additional selling. Good time to be very selective here. Companies reporting earnings today (May 17) Before Market Opens: DE After Market Closes None Companies reporting earnings Monday (May 20) Before Market Opens: IGT, RYAAY and TTM After Market Closes: None 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 MSFT - Stock hit our revised target of $129.70 so is being removed from the Watch List. Great trade! Mid Cap Watch List None Small Cap Watch List None Deletions from Watch List MSFT At your service, John Hopkins EarningsBeats