EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: BYI, CHS, GES, TIF, WDAY, WSM Thursday: ANF, DG, PLL, SPLK, TD MARKET NOTE: Again, there have been few changes from yesterday. For now watch the following psychological/price resistance levels for further clues of another impending advance: Dow Jones: 17138 S&P 500: 2000 Russell 2000: 1175 ADDITIONS TO WATCH LISTS: We are making 4 additions to our Large Cap Watch List, although I'm not suggesting entry into any of them at the current price. Instead, we'll be patient and hopefully be able to enter after a bout of profit taking. The stocks are as follows: CMG SPR NTAP CRM BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: MTW - Turning back down off 20 day EMA resistance. Large Cap Watch List: FDX - Volume is extremely light, but with the move below the 20 day EMA, price support near 145.00 could come into play once again, especially if the overall market weakens after testing resistance. 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