EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: ADI, CRM, DCI, DKS, HD, INTU, MDT, SPLS, TDW, TJX, VOD Wednesday: AEO, DDS, EV, LOW, NTAP, PETM, SINA, SNPS, TGT, TIF, WSM MARKET NOTE: Today, it's the bears' turn. The waffling back and forth action continues. One positive, however, has been the relative strength of the NASDAQ the past couple weeks and that's shining through once again today. Apple (AAPL) broke out on Monday and is helping to stabilize this tech heavy index. Facebook (FB) has also been showing relative strength. On the negative side, banks ($DJUSBK) are once again struggling and leading most of our aggressive sectors lower. Consumer discretionary is weak after a couple of poorly received earnings reports - Urban Outfitters (URBN) and TJX Companies (TJX). ADDITIONS TO WATCH LISTS: There are no additions today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: SBH - After triggering our Short Entry on Friday, SBH has fallen nearly 3% today and quickly triggered our Target Price of 25.25. A close beneath this level would be bearish, while a bounce would enable us to re-enter this short position. GREAT TRADE!!! NOTE: SBH REMAINS ON OUR WATCH LIST FOR POTENTIAL RE-ENTRY. Large Cap Watch List: FLEX - Continues to look bullish, just needs volume to confirm its next breakout. Mid Cap Watch List: WTW - Approaching our Final Entry at 21.00. Small Cap Watch List: There are no Small Cap Watch List stocks at this time. DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless closing stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com