EB Watch List Update Report

Good morning! Market Update: The VIX remains at elevated levels, over 20 at the moment, as traders now have 2-3 fingers on the sell button just in case things get ugly. Interestingly, even with the big swoosh lower on Friday and with the whipsaw action of late, none of the major indexes are near being oversold. Is there any good news? At least the S&P has held above the recent lows and we're seeing some buying on the dips. But all of the major indexes remain below all key technical levels; the bears so far aren't giving an inch and each time it looks like the bulls have some traction the whip sawing starts again. And it's why we have gotten ultra conservative on the alert side. Just look at EHTH - our lone alert for some time - a real winner over the past year that was issued as a trade alert earlier in the week with two entry levels and a tight stop. And stop out it did, down 2.8% between the blended price. But today it's moved even lower which could continue should the market and sector move lower. I'm pointing this out to emphasize the importance of honoring stops. NO ONE likes a losing trade but when we set a stop level there's either a price or technical reason. And looking back historically, even during those times when we saw trade alerts stop out, those losses have generally been contained. So even if you have 2 or 3 stocks stop out at a loss of 2-3% it only takes one strong winner to balance things out. And this in turn increases your chances of producing higher Risk Adjusted returns. Problem is at the moment the "big scores" are very difficult to come by. So we will continue to be very selective on trade alerts with tight stops or a high enough reward to risk to make something worth pursuing. In the meantime, the S&P got as low as 2853 today so that is now support To the upside we're likely to see some resistance should the S&P get anywhere near 2900. Companies reporting earnings today (August 29) Before Market Opens: BF.A, COTY and TIF After Market Closes ASND, ESTC, FIVE, HRB, NTNX, OKTA, OLLI, PVH and WSM Companies reporting earnings tomorrow (August 30) Before Market Opens: BBY, BURL, DG, DLTR and TD After Market Closes: DELL, MRVL, COO, ULTA and WDAY 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 closed below our stop of $93 so is being removed from the Watch List. Small Cap Watch List None Deletions from Watch List EHTH At your service, John Hopkins EarningsBeats.com