EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday: CPB, PBY Tuesday: None MARKET NOTE: The NASDAQ led the market earlier in the session today, but at last check all of our major indices have turned negative. On the 60 minute chart, the NASDAQ has potential inverse right shoulder support at 4565. If that level fails to hold, then look for rising 20 day EMA support to be next. ADDITIONS TO WATCH LISTS: There are no Watch List additions for today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List: CMG - Testing its 20 day EMA. Failure to hold this level could trigger higher volume selling and a trip down to the 650 area. FDX - Hit price resistance last week and is not in the middle of a trading range that spans from 150-154. HSP - Down 2% today and currently resides just below our Initial Entry at 53.00. CRM - Above 60.00, but could use more volume to confirm the breakout. Mid Cap Watch List: JACK - The ascending triangle breakout is at 62.00. JACK traded above that level intraday, but has since backed off. Volume is heavy enough to confirm this breakout so let's see how we close. 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