EB Watch List Update Report

Dear Members, MARKET NOTE: Traders seem uninterested in the fact that stock prices are lower today. Where love was in the air for stocks when the S&P hit its all time high of 1991 on July 24, no one seems to want to go long with the S&P closer to 1900. Blue chips remain out of favor with the Dow struggling to remain above its 200 day moving average. Yesterday's low of 1911 on the S&P needs to hold or that 1900 level could come into play quickly. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. In fact, we have very few open positions at this time given the market conditions. We need to continue to be patient here until we see signs that the market is stabilizing. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no stocks on our Short Watch List at this time. Large Cap Watch List: Nothing major to report here. Mid Cap Watch List: There are no Mid Cap Watch List stocks at this time. Small Cap Watch List: There are no Small Cap Watch List stocks at this time. DELETIONS FROM OUR WATCH LISTS: There are no deletions unless closing stops are violated. Happy trading! John Hopkins for Tom Bowley, Chief Equity Strategist EarningsBeats.com