EB Watch List Update Report

Dear Members. Good morning! First, we had a GREAT turnout for our webinar last night where Tom Bowley laid out the services EarningsBeats.com will be offering when he is back on board full time as Chief Market Strategist. And, our switch from Adobe to Zoom was a great success! In fact, we are in the process of putting together a summary of yesterday's webinar along with a link to the recording that will be sent to all of you later today. So stay tuned! Market Update: In yesterday's Market Update I pointed out that this might not be the best time to deploy fresh capital into stocks. The reason I pointed that out was because all of the major indexes had bounced substantially off the recent bottom and because we started to see some weakening of the Relative Strength in some sectors. In fact, even though the overall market has not pulled back much, some former leaders have been hit hard with profit taking kicking in - i.e., cashing in on some of the big winners. We've certainly seen some of that in our three portfolios. But I need to point something out there as well. The Model, Aggressive and Income portfolios are not meant to be actively traded. The concept is to hold them for the full 90 days between Top 10 Stock Picks events which is different than our trade alerts which ARE meant to be traded more actively. In fact, I point to number 6 under the "commonalities of each portfolio" as described in the Portfolios section of our site: "We do not try to time entry and we do not use stops. We buy the 10 stocks the day they're announced and we hold them for a full three months." I wanted to share this since we get a lot of questions from members regarding stops. And our thinking is that over the course of the 90 days enough of the stocks that "make the cut" will ultimately outperform to offset any losers as traders gravitate to them. And as far as trade alerts go, we currently have one active alert as we continue to err on the side of caution; the market remains volatile even though the VIX is well off its recent highs. As far as the market goes it's a mixed picture with the Dow and S&P remaining above all key technical levels while the NASDAQ has moved back below its 50 day, at least on an Intra Day basis. And the NASDAQ is where we are seeing a lot of technical damage on individual stocks. So it is important for the S&P to hold its 50 day, currently at 2947. Then not far below that is the 20 day, currently at 2930 and if that were to go we could be looking at a retest of the recent lows. Bottom line; we should watch to see what happens as the day progresses, err on the side of caution then revisit once the market opens tomorrow. Companies reporting earnings today (September 10) Before Market Opens: HDS After Market Closes ZS Companies reporting earnings tomorrow (September 11) Before Market Opens: None After Market Closes: ACB STRONG EARNINGS CHARTLIST/TOP 10 STOCK PICK PORTFOLIOS/ADDITIONS TO WATCH LIST We will keep you posted on any new additions to the Watch List. Going to continue to be very selective for the time being. 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 pulled back close to our second entry of $20.25 before bouncing some. It really is oversold though certainly could move lower. We'll keep our stop at any CLOSE below $19. Deletions from Watch List None At your service, John Hopkins EarningsBeats.com Better Timing. Better Trades.