EB Watch List Update Report
Dear Members.
Good morning!
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Market Update:
Another positive day for the bulls as we begin a new trading day and week with all of the major indexes higher. The bulls got a nice assist when all of the major indexes cleared all key technical levels last week and since then they have had the advantage. It also helped that the VIX moved below all key technical levels though it is up 2% today as traders start to wonder how long the current rally might last. If the bulls are able to maintain control of the action the next level of resistance will be at 3000. The S&P got as high as 2989 today so it's certainly in sight. To the downside the first key level of technical support will be the 50 day, currently at 2947. So a fairly narrow trading range and we might just see some consolidation here as traders try to determine if there's much upside left in the short term or if it's time to take some profits. Overall bullish but maybe not a time to be deploying too much fresh capital to the long side.
Companies reporting earnings today (September 9)
Before Market Opens:
None
After Market Closes
None
Companies reporting earnings tomorrow (September 10)
Before Market Opens:
HDS
After Market Closes:
ZS
STRONG EARNINGS CHARTLIST/TOP 10 STOCK PICK PORTFOLIOS/ADDITIONS TO WATCH LIST
First, please note that the Strong Earnings ChartList has now been updated and there are 329 stocks on the list. We added 22 charts and deleted 2 charts. We have shared the list with those of you who are StockCharts.com Extra level members or higher. For everyone else (those who are not StockCharts.com Extra level members or higher) here is the link you can click on to get the updated list. Password is Market (case sensitive)
Also, we are now providing weekly updates on the Top 10 Stock Picks that you will find at the top of the Top 10 Stock Picks section on the site:
https://www.earningsbeats.com/members/top-10-stock-picks.cfm
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
CECO - Stock is up slightly as it hangs out around its 50 day moving average. It would be bullish if the stock closes above its 20 day moving average, currently at $20.62.
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats.com Better Timing. Better Trades.