EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday: None Tuesday: ADBE, FDS MARKET NOTE: Momentum is strengthening to the downside, although this bearish development is being somewhat offset by continuing relative strength in banks. Given the weakness in 60 minute MACDs, we'll want to see the NASDAQ climb back above its 20 hour EMA before contemplating any long plays. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists 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: BIDU - Triggered initial entry at 213.00 with second entry at 205.00 potentially right around the corner. FDX - Resistance is at 154.18. Today's high of 154.14 represents a short-term sell signal until resistance can be cleared on the close with increasing volume. PLL - Triggered initial entry at the 20 day EMA, or 82.91. CRM - Breaking down below 58.00 gap support and appears headed for the bottom of gap support near 56.00. Mid Cap Watch List: AMBA - Very aggressive stock, but today's decline of nearly 5% has triggered initial entry at 35.60 with the rising 20 day EMA (second entry) approaching as well. JACK - If you didn't catch this one on the breakout, a pullback to 62.00 would represent initial entry while the rising 20 day EMA could be a second entry point. Small Cap Watch List: NX - Initial entry triggered at 20 day EMA with second entry at 17.00 on further weakness. Like AMBA, NX is quite volatile and risky. DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless closing stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com