EB Watch List Update Report

Dear Members: First, I hope you are able to join me and Tom Bowley later today as Tom presents his 2019 2nd Half Market Outlook. There's no need for you to register for the event and you will be sent room instructions prior to the 4:30 pm eastern start. Also, the webinar will be recorded for those of you unable to attend the live event. Market Update: Traders did not like the much better than expected jobs report last Friday with worries that if till keep the Fed from aggressively lowering rates. It's one of those cases where good news is being seen as bad news; go figure. In any case we're starting the new trading day and week in the hole with all of the major indexes lower. This selling could be temporary; all of the major indexes are above all key technical levels and the VIX is below all key technical levels, all favoring the bulls. So we're going to see once again if traders are willing to buy on the dip like they have been for a long time now. The S&P got as high as 2995 last week so that is now resistance. To the downside there should be support just above 2950. So a pretty tight range with the bulls continuing to get the nod here. Companies reporting earnings today (July 8) Before Market Opens: None After Market Closes None Companies reporting earnings tomorrow (July 9) Before Market Opens: PEP After Market Closes: HELE, LEVI and WDFC ADDITIONS TO WATCH LIST We added GDI to the Watch List this morning 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 higher by 1.25% and any further gains into the close would be bullish. ROKU - Stock is higher by almost 4% and we issued a profit alert earlier in the session as the stock was higher by 10% from the original alert. Stock still looks good technically and if you continue to hold you should consider raising your stop to make sure you lock in profits. GREAT TRADE! Medium Cap Watch List PRSP - Stock is higher by 1% as it once again tries to clear that $24.12 level. A close above that level would be bullish. GDI - We added this stock to the Watch List this morning at an initial entry price of $34.27 with a second entry on any pullback to $33, a price target of $36 and a stop of any CLOSE below$33. A close back above $34.50 would be bullish. Small Cap Watch List None Deletions from Watch List ROKU At your service, John Hopkins EarningsBeats