EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: AEO, EV, HPQ, IRF, LOW, PETM, SJM, SNPS, SPLS, TGT Thursday: ARO, BKE, BRCD, CRM, DLTR, GME, GPS, INTU, MRVL, PDCO, PLCE, ROST, SHLD, TFM MARKET NOTE: Traders are currently awaiting the FOMC minutes before deciding which way to take the market. The biggest technical hurdle for the bulls now is whether the S&P 500 can clear its all-time high close at 1988. A strong finish would add to the recent bullishness, but there are 60 minute negative divergences that may have to be dealt with first. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: MTW - Hovering just beneath its 20 day EMA - still bearish technically. PVA - Retested its resistance level, but again failing there. Large Cap Watch List: FDX - The recent uptrend remains intact with today's higher high and higher low. Bullish short-term. 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 today unless closing stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com