EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: AKAM, T, BA, BMY, CAT, CTXS, ETFC, LLY, FFIV, FDML, GD, LRCX, LL, NSC, NOC, SYMC, TSCO, TRIP, WLP Thursday: ALXN, AMZN, BCS, BSX, CELG, CL, CS, ESRX, F, HSY, IP, KLAC, LSCC, MMM, MO, MSFT, PCP, PFG, PHM, RCL, RTN, SIRI, SYNA, UA, VRSN, WDC, XRX, ZMH These are a minor few of the companies reporting today and tomorrow. Please check the earnings dates for any stocks you own. ADDITIONS TO WATCH LIST: We will be adding 4 stocks to our Watch List as follows: NUS (Large Cap) BCR (Large Cap) FDML (Mid Cap) NSC (Large Cap) Annotated charts will be added this evening, along with trading strategies. Keep in mind that we have adjusted our trading strategies to allow for an initial entry at the current price. 2nd and 3rd entries will be provided on the annotated charts. BRIEF COMMENTS ON WATCH LIST STOCKS: Large Cap Watch List: A - was down early today, but has recovered much of the early loss. SCHW - has rebounded nicely from an earlier drop near 23.00. FOSL - hit our 126.50 target with an intraday high of 127.58. Will update trading strategies tonight. Next entry will be on rising 20 day EMA test to potentially print a handle after the current cup that's formed. GOOG - has broken out again, up 22 at last check today. MELI - down 8 bucks since yesterday's high. If you took profits, you should consider keeping your eye on re-entry at the rising 20 day EMA. Mid Cap Watch List: ASNA - continues to consolidate just above its rising 20 day EMA. BRCD - back into that 8.00-8.10 support area. 8.00 was our initial entry and it still represents a nice reward to risk entry. CIEN - down today. Negative divergence on daily chart finally kicking in? DXCM - triggered initial entry today at 29.19, hitting a 28.97 intraday low. Bouncing and trading at 30.00 at last check. HAIN - hit our 82.50 target. Time to re-adjust trading strategies. I'll update the chart tonight. EGOV - will change trading strategies here and update chart tonight. NTCT - finally pulling back a little. Hoping to see a bit more weakness to possibly trigger second entry at 27.50. Still quite a bit above that level. TIBX - pullback today remains within bullish symmetrical triangle pattern. UNFI - revised annotated chart will be done this evening (failed to change it last night). 1st entry will now be recent breakout level at 68.99 with 2nd entry at 64.60. Small Cap Watch List: EXTR - further selling today not a big surprise given the bearish engulfing candle from Tuesday. FSS - finally saw selling yesterday - and on big volume. A continuation of that profit taking theme is in play today. SIGM - has fallen back into its gap support zone between 5.15-5.55. The closer it gets to the bottom of this range, the better the entry point. DELETIONS FROM OUR WATCH LISTS: No deletions today. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com