EB Watch List Update Report

Good morning! Market Update: Currently, there's nothing technically healthy about this market with all of the major indexes giving up a lot of the early gains as they move into negative territory. Just like yesterday the VIX is higher as traders question whether the lows of the other day will do the trick. And now we're seeing traders are just as happy to take any profits on bounces. Right now the S&P is trading between its 50 day at 2946 and its 200 day, currently at 2803. Yesterday's low was 2856 so that is a level we should watch as a close below that level could lead to the next level of support near 2822. Bottom line at the moment: It's a very good time to lay low here. If you feel the need to trade perhaps consider fewer shares, tight stops. Be very selective. Take profits as they come along. Hold on to some cash in case things do get ugly. Companies reporting earnings today (August 28) Before Market Opens: PLAN, BMO, BNS, CTLT, EV, SJM and MOMO After Market Closes ADSK, HEI, HPE and VEEV Companies reporting earnings tomorrow (August 29) Before Market Opens: BF.A, COTY and TIF After Market Closes: ASND, ESTC, FIVE, HRB, NTNX, OKTA, OLLI, PVH and WSM STRONG EARNINGS CHARTLIST/TOP 10 STOCK PICK PORTFOLIOS/ADDITIONS TO WATCH LIST We will continue to be very selective on individual trade alerts and 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 None Medium Cap Watch List EHTH - Stock is lower by 3% and hit our second entry of $94. As a reminder the stop is any CLOSE below $93. Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats.com