EB Watch List Update Report

Dear Members: Market Update: If you're a bull you're liking the action today with all of the major indexes hitting fresh all time highs. Blue chip stocks have been particularly hot so not surprisingly the Dow is technically overbought as is the S&P with the NASDAQ getting stretched as well and just ahead of the earnings floodgate starting next week. Earnings season will kick into high next week with Citigroup set to report there numbers before the bell on Monday followed by Goldman Sachs, JP Morgan and Wells Fargo on Tuesday so high visibility for the financial sector. Then after that a ton of important companies releasing their numbers. Right now the momentum is strong as traders are holding on to their positions. At some point we should expect profit taking, especially as the major indexes get stretched even more. But for now the positive market environment must be respected. Companies reporting earnings today (July 12) Before Market Opens: INFY After Market Closes None Companies reporting earnings Monday (July 15) Before Market Opens: C After Market Closes: JBHT and WTFC ADDITIONS TO WATCH LIST We will keep you posted on any new additions to the Watch List. The market is a bit stretched here so we need to be selective. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List LULU - We issued a profit alert on this stock this morning at $188.91 so it will be removed from the Watch List. Medium Cap Watch List PRSP - Stock is slightly lower today as it stalls right near $24. Needs to close back above $24.35 to make further progress to the upside. GDI - Stock closed below our stop loss of $33 yesterday so has been removed from the Watch List. That $33 is a key level to watch for anyone who remains in the stock. Small Cap Watch List None Deletions from Watch List GDI and LULU At your service, John Hopkins EarningsBeats