EB Watch List Update Report

Dear Members: Market Update: If you're a bull and you're looking for any signs at all that might help you determine if the worst of the selling might be over look no further than government bond yields with the 10 year Treasury note touching 1.59% this morning as investors flee to safety. That rate puts the 10 year within striking range of the all time low of 1.37 seen in July of 2016. But what's really caught my attention are the stochastics that got to 1 today and an RSI of 18 on the $TNX. That rare combination could be signalling a bottoming in rates in the near term and if that is true could be bullish for stocks which are well off session lows. The VIX continues to show a lot of worry out there; maybe too much? So far both the NASDAQ and S&P have put in higher lows from the heavy selling on Monday. And so far the Dow has tested and held its 200 day moving average. Does this mean the selling is over? Not necessarily and not when traders are now fixed on what China does every evening at 9 pm eastern when they set their currency rate against the US dollar. We do need to continue to respect the fact that all of the major indexes remain well below all key technical levels and until that changes the bears will have the upper hand. None of the major indexes are technically oversold here though it wouldn't take too many more days of negative action for that to change. Current range on the S&P is 2930 to the upside and 2822 to the downside. Clearing that 2930 level, which happens to be the 50 day, is going to be a challenge for the bulls. Companies reporting earnings today (August 7) Before Market Opens: ALLO, ATHM, CPRI, CNP, CCC, CVS, CYBR, HZNP, INXN, IONS, LAMR, MRNA, NYT, NXST, NRG, SBGI, SRC, STWD, TEVA, MIDD, VER, and WEN After Market Closes ALB, DOX, UHAL, AIG, ANGI, AZPN, ATO, AVLR, BKNG, CABO, CVNA, CTL, CPA, ET, EVRG, FLO, FOXA, FOX, FNV, FTDR, GLP, G, HHC, IAC, ICUI, LHCG, LBTYA, LYFT, MFC, MRO, MELI, MNST, NTES, NUAN, PEGA, PRI, QTREA, RYN, ROKU, RGLD, SBRA, SRPT, SWKS, TRIP, WMGI and ZG Companies reporting earnings tomorrow (August 8) Before Market Opens: AZUL, CAH, LNG, CRON, SATS, EPAM, KDP, LSXMK, LSXMA, FWONK, FWONA, LITE, MGA, MMS, MUR, NICE, NOMD, NCLH, OGE, PRGO, PNW, TRGP, KHC, TW, VIAB and VIRT, After Market Closes: ATVI, AL, AQN, COLD, AVT, EQH, AAXN, CBS, BAP, DBX, DXC, FTCH, FGEN, GLIBA, LBRDK, LBRDA, NKTR, NWSA, PCTY, RBA, SYMC, TTD, UBER, VSAT and WPM ADDITIONS TO WATCH LIST We will keep you posted on any new additions to the Watch List. Current whipsaw action makes it difficult to take on too many new positions. BRIEF COMMENTS ON WATCH LIST STOCKS SHORTS: None LONGS: Large Cap Watch List MU - Stock is slightly higher as it tries to work its way higher and a close above $43.19 would be bullish. Medium Cap Watch List None Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats.com