EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: AET, APC, BP, CMI, COH, DD, EA, ESRX, FB, GILD, MAR, PFE, PNRA, SIRI, SNCR, VDSI, WDC, WYNN, X Wednesday: ADP, AEM, BIDU, CNW, CSC, DB, FFIV, GRMN, HSY, KRFT, MET, MUR, OII, PSX, RL, SO, TGI, TRLA, TTWO, UNW, V, WLL, WLP, WMB MARKET NOTE: Our major indices are off to a great start this week with a huge number of companies set to report earnings. In the short-term, we do have 60 minute negative divergences to deal with. Otherwise, most of the signs are positive as aggressive areas of the market lead today's rise - the small caps (Russell 2000) being a very obvious component. 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 - Nearing resistance at 230.00 so we are taking profits. GREAT TRADE!!! WE ARE ALSO REMOVING BIDU FROM OUR WATCH LIST AS THEY REPORT EARNINGS TOMORROW. PLL - Very solid action the past two weeks as it nears our target of 90.25. Be sure to capture profits. SPR - Less than two weeks ago, SPR nearly stopped out. That shows the significance of these support levels at times. Now SPR is moving within reach of its September high near 40.00. Taking profits at that level would make good practical sense. Mid Cap Watch List: GRUB - Sideways consolidating just above our 35.25 closing stop. Looking for a push higher sooner rather than later. MLNX - Today's low touched that rising 20 day EMA and again MLNX bounced. Still solid action. VEEV - Held its 20 day EMA, which is technically important in the short-term. Small Cap Watch List: No comments at this time. DELETIONS FROM OUR WATCH LISTS: JACK and SNCR were removed on Monday. We are removing BIDU today as they report earnings on Wednesday. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com