EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: ALU, ARO, DG, PLUG, ULTA Friday: ANN, BKE, CTB PLUG is a small company but has been a very actively traded stock lately and an extremely volatile one, so beware if you own. MARKET NOTE: Well, if there's one thing consistent about the market lately, it's the inconsistency. Mixed signals are everywhere and neither the bulls nor bears seem able to keep control of the action for more than a day or two. At last check, our major indices were testing key short-term support at the rising 20 day EMA. If that fails to hold, we could definitely see more technical selling. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: SJM - Closed over 97.50 on Wednesday so it was stopped out relatively flat. If you continue to hold, be careful if it closes above 100.00. The better direction would be a close back beneath the 20 day EMA. Large Cap Watch List: CNQR - Closing stop remains at 108.00. Is quite volatile today - and on moderate volume. FFIV - Has fallen beneath its 20 day EMA, opening up more short-term weakness. MCO - Moved within 0.5% of our 84.00 Target Price before falling nearly 3% today. UA - Falling very little despite the overall market weakness. Mid Cap Watch List: ATK - Found support at its 50 day SMA. MELI - Close to triggering our Second Entry at 98.00. Small Cap Watch List: There are no Small Cap Watch List stocks at this time. DELETIONS FROM OUR WATCH LISTS: There are no additional deletions today unless Closing Stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com