EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: CONN Wednesday: NAV, PVH, TOL MARKET NOTE: The Dow Jones is the only of our major indices that's been unable to clear important price resistance of late. The number there to watch is 17138. A strong finish today would set the market up for more bullishness ahead in the near-term. Failure into the close, however, could lead to a rising 20 day EMA test during a month that typically is bearish more often than it's bullish. ADDITIONS TO WATCH LISTS: We are adding one stock to our Mid Cap Watch List - JACK. Details will be provided this evening, but JACK is a $2.37 billion consumer discretionary company that recently reported very strong earnings. Technically, it resides in a bullish ascending triangle pattern that would trigger a buy signal on a close above 62.00 on increasing volume. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: MTW - we removed MTW from our Watch List as it violated our 29.00 Closing Stop. The additional level of resistance provided last week at 30.00 has held the buyers at bay thus far if you wished to provide MTW a bit more room. Large Cap Watch List: FDX - Following transport stocks higher today after bouncing nicely off the trendline support mentioned last week. CRM - Attempted another breakout at 60.00 earlier although it's pulled back since. The trading range remains 58.00-60.00. 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: MTW was removed from our Watch List for violating its Closing Stop level on Friday. There are no other deletions today unless closing stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com