EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: APD, BCS, CAH, CI, CME, COP, EXPE, FSLR, GPRO, GRPN, HAR, JCI, K, LNKD, MA, MCHP, MO, NEM, NOV, PBI, SBUX, TWC Friday: AON, BUD, CBOE, CLX, CVX, LM, NWL, PBR, RBS, SPR, TDS, WY, XOM MARKET NOTE: Q3 GDP fell from the prior quarter but managed to beat estimates. Still, slowing growth is weighing on the minds of traders. Fortunately, Visa (V) has given a lift to the Dow Jones based on its latest quarterly report. Issues certainly remain in the stock market, but the bulls are trying as best they can to continue this 5 1/2 year bull market. I'd continue to stay focused on the long side, but with continued caution. 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: PLL - Has triggered our 90.25 target. We'll keep this one on our Watch List for possible re-entry later. SPR - REMOVING THIS ONE FROM OUR WATCH LIST AS IT REPORTS EARNINGS ON FRIDAY. GREAT TRADE!!! Mid Cap Watch List: MLNX - Approached our 42.00 closing stop, but has reversed thus far, trying to print a hammer on its rising 50 day SMA. VEEV - Bouncing off 20 day EMA support once again. Small Cap Watch List: NX - Our target of 19.35 has already been triggered, but the positive action here continues. Looks to be heading for 21.00, although a pullback to test that rising 20 day EMA could occur at any time. DELETIONS FROM OUR WATCH LISTS: WE ARE REMOVING SPR as it reports its quarterly results on Friday. There are no other deletions today unless closing stops are triggered. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com