Watch List

Dear Members, KEY EARNINGS REPORTS: Wednesday: AAPL, EMC, ETFC, FB, FFIV, NOC, PG, QCOM, TXN Thursday: AMZN, GM, HOT, KLAC, LLY, MMM, NUE, SBUX, V,VZ, WM MARKET NOTE: The market is struggling today, especially the NASDAQ which is down .85 for the session. But we'll get some key earnings after the bell tonight, including AAPL, FB, QCOM and TXN, that could affect the NASDAQ and the overall market in a big way. We will be looking to add several more stocks to our Watch Lists in the next week or two based on (1) individual earnings reports and (2) our assessment of the overall market conditions. It is quite possible you will see more stocks being added to our Short Watch List. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: SJM - 94.00-100.00 continues to be the trading range near-term. While SJM is not particularly healthy near-term, it's been aided by a consumer staples group that's in favor. Large Cap Watch List: UA - Stock is hugging its 20 day ema, recovering off of the session low of 53.25. Current trading range is 50.50-54.50. VIPS- This one is bucking the trend today and remains technically healthy. Mid Cap Watch List: ATK - This one is also bucking the trend today and remains technically healthy. KFY - Took profits late last week near price resistance at 30.55. We like re-entry at 29.00 and 27.50. Small Cap Watch List: PLOW - Stock is flat today and trading in a narrow range. 16.50-17.60 is your trading range. Consider buying at the bottom of the range and selling at the top until this pattern is broken. DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless a stop loss is violated. Happy trading! John Hopkins for Tom Bowley Chief Equity Strategist EarningsBeats.com