EB Watch List Update Report

Good morning! Market Update: The recent bull checklist has been something like this. First, stop the bleeding; check. Hold the 200 day on any selling; check. Next, get the VIX below 20; check. Clear the 20 day moving average on any rebound; check. Clear the 50 day moving average to regain control of the market; still in progress. This last checklist item was in sight this morning as the S&P got to 2940 before pulling back some with the 50 day at 2945. And the 50 day could well end up being the "line in the sand" for both the bulls and the bears, especially as the month of August comes to an end and we enter the historically weak month of September and ahead of a long holiday weekend. In fact, one item that so far has cleared the checklist - the 20 day - currently at 2907 - really needs to hold here for the bulls to have at least some technical advantage. Because if that goes it could quickly lead to more traders heading to the sidelines. The bounce has been nice but we will continue to proceed with caution. Companies reporting earnings today (August 30) Before Market Opens: CPB After Market Closes None Companies reporting earnings Tuesday (September 3) Before Market Opens: COUP and HQY After Market Closes: None 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 None Small Cap Watch List None Deletions from Watch List None At your service, John Hopkins EarningsBeats.com Better Timing. Better Trades.