EB Watch List Update Report

Dear Members: Market Update Futures were bright green this morning just before ADP reported a much weaker jobs report than expected. Now we've got a mixed picture with tech stocks showing some weakness with the NASDAQ lower as it gravitates back to its 200 day moving average. The VIX is up only slightly but its back above all key technical levels as traders continue to wonder if what we've seen the past few sessions has only been an oversold bounce. The Dow is higher today but well off its session peak and is also having a tough time near its 200 day as traders become more cautious. The type of action we're seeing today is indicative of a technically wounded market; for months it was buying on the dips now it's more selling on any rallies. That weak ADP jobs report certainly caught a lot of traders by surprise and with the government jobs report coming out on Friday could keep traders on the defensive through Friday morning until the numbers are released. But the day is early. If the bulls can mount a rally traders might be attracted to lower prices. Still at the moment the bears need to be respected. Companies reporting earnings today (June 5) Before Market Opens: AEO, BFA and CPB After Market Closes ABM, CLDR, ESTC, FIVE, GEF, MDB, SMAR AND SFIX Companies reporting earnings tomorrow (June 6) Before Market Opens: CIEN, JM and SAIC After Market Closes: BYND, DOCU, OLLI, PD, PRSP, MTN and ZM 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 OMC - Stock is up slightly as it trades between its 20 and 50 day moving averages. A close above its 50 day, currently at $78.48, would be bullish. Small Cap Watch List MTOR - Stock is down slightly after a nice move yesterday and a close above $21.29 would be bullish. Deletions from Watch List None At your service, John Hopkins EarningsBeats