EB Watch List Update Report

Dear Members: Market Update The VIX has been showing traders have become more defensive the past few sessions with all of the major indexes lower. It's not that the VIX is spiking sharper on this move lower. It's that it stopped falling as the market continued to rally showing some trader had become more skeptical. So far today the NASDAQ has move back below its 50 day moving average while the Dow and S&P are trading slightly above their respective 50 days. For the S&P that's at 2873, a level the bulls want to defend or face additional selling. It will be interesting to see if buyers will be willing to step in on today's selling. Until yesterday traders were gobbling up everything in sight. If the S&P does close back below its 50 day the next level of support will be near 2850. To the upside the S&P got as high as 2910 yesterday which is now resistance. Companies reporting earnings today (June 12) Before Market Opens: None After Market Closes LULU and RHT Companies reporting earnings tomorrow (June 13) Before Market Opens: None After Market Closes: BRCM 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 and a close above $80.08 would be bullish. Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats