EB Watch List Update Report

Dear Members: Market Update: The market will close today at 1:00 pm eastern so the bulls wanted to make sure the S&P hit a record high early in the day. They got their wish with the S&P crossing 2980 for the first time in history. This record high comes ahead of Friday's non-farm payroll report with expectations that the jobs report will recover after a disappointing showing last week. The move higher also comes as the yield on the ten year treasury note falls below 2%, hitting its lowest level since late 2016. Some will argue that rates are falling in anticipation of trouble ahead but try telling that to the bulls who see lower rates as a positive for stocks. Now that the S&P has crossed 2980 the next key level of resistance will be 3000. But neither the Dow nor the NASDAQ has revisited its respective all time high so the bulls have something else to aim for. Friday's jobs report is important as it could potentially add fuel to the rally or stop it in its tracks. But for today it's quite clear who is in control. Companies reporting earnings today (July 3) Before Market Opens: ISCA After Market Closes None Companies reporting earnings Friday (July 5) Before Market Opens: None After Market Closes: None ADDITIONS TO WATCH LIST We added ROKU to the Watch List yesterday with additional details below. 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 LULU - Stock is moving in the right direction today and a move and close above $183.83 would be bullish. ROKU - We added this stock to the Watch List yesterday at an initial entry price of $92.59 with a second entry on any pullback to $88 with a price target of $108 and a stop of any CLOSE below $85. Today it got off to a nice start before pulling back some with the next key level of resistance at the 20 day moving average, currently at $95.39, and a close above that level would be very bullish. Medium Cap Watch List PRSP - Stock is higher by 2% as it moves back above all key technical levels and a close back above the recent high of $24.12 would be bullish. Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats