EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Friday: ANN, BKE, CTB Monday: None MARKET NOTE: Technical selling has really kicked in - clearing the 20 day EMA support to the downside has emboldened the bears and we have to respect that. March 3rd lows are what I'm viewing as next key short-term support while declining 20 HOUR EMAs is near-term resistance. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no stocks currently on this Watch List. Large Cap Watch List: CAT - Lost 20 day EMA support on Thursday. Look for price support near 94.00 with the rising 50 day SMA also offering support. The 50 day SMA is currently at 93.50. CNQR - Stopped out at Thursday's close below 108.00. Volume was heavier than normal as well, not good action. MCO - Horrible day on Thursday, giving back its recent gains in one fell swoop. 76.50-79.00 continues to be an area of support. ROC - Triggered Second Entry at 76.17 on Thursday. Mid Cap Watch List: KFY - Slowly drifting lower, but still well above the top of gap support. MELI - Closed below both its 20 day EMA and 50 day SMA on Thursday, but volume was light. Today, MELI is potentially printing a doji, a reversing candle. TTEK - Potential reversing candle (piercing or bullish engulfing) printing today. 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