EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: 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 Thursday: APD, BCS, CAH, CI, CME, COP, EXPE, FSLR, GPRO, GRPN, HAR, JCI, K, LNKD, MA, MCHP, MO, NEM, NOV, PBI, SBUX, TWC MARKET NOTE: Facebook's (FB) earnings have definitely dampened the enthusiasm for internet stocks ($DJUSNS) as the DJUSNS falls after testing price resistance in the 860-870 area. Now we sit back and wait for the FOMC's latest policy statement, due out at 2pm EST. 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: ILMN - pulled back earlier close to breakout level, volume light. PLL - Down over 1% today after coming within a quarter of our 90.25 target. SPR - Another solid day, approaching its early September high. Mid Cap Watch List: AMBA - Again challenging gap resistance. MLNX - Has triggered our entry levels and is currently about one dollar above our closing stop. Volume is light on the selling and most likely represents some manipulation. Small Cap Watch List: No comments at this time. DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless closing stops are triggered. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com