EB Watch List Update Report

Dear Members: First, we have a new feature on the site now, our "EB DIgest" which comes out M, W and FR. The EB Digest will will feature articles highlighting earnings and relative strength. You can access the EB Digest under the Members section of the site: https://www.earningsbeats.com/members/EB-Digest.cfm Market Update The bulls should be pleased this morning as we begin a new trading day and week with all of the major indexes higher. The pattern we've seen of late continues with the market in consolidation mode; S&P battling 2900 and NASDAQ battling its 50 day from underneath with the VIX consolidating between all key technical levels. Overall it should be seen as a positive - the bears are having their own struggles trying to put a dent in the market - but the churning continues to make it challenging for individual stocks to advance in any significant way. This week brings with it the Federal Reserve's interest rate decision on Wednesday. The market's insistence for a rate cut could pay off down the road but the Fed is unlikely to cut rates at this week's meeting. Still, traders will be looking for any magic words that might indicate a cut will be coming sooner rather than later. The bulls know they need to clear 2900 then last week's high of 2910 to make further progress while 2874, the 50 day moving average, is now key technical support. Until one of those goes expect more of the same. Companies reporting earnings today (June 17) Before Market Opens: None After Market Closes None Companies reporting earnings tomorrow (June 18) Before Market Opens: PSN After Market Closes: ADBE, CHKE and JBL 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 $80.31 would be bullish. Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats