EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: ATVI, BABA, CTRP, CVS, DISCA, DISH, DVN, EL, EOG, IP, KORS, LINTA, MWW, PCLN, TRIP, VLO, VMC Wednesday: CBS, CHK, CNQR, CSC, DUK, ING, LAMR, LBTYA, MDR, NWS, PRU, QCOM, SLF, SSYS, SUN, SYMC, TM, TSLA, TWX, WFM, Z MARKET NOTE: Most of the big earnings are now out of the way. We still have loads of companies that will be reporting this week, just not many that really carry a lot of weight in terms of being able to move the market. The recent breakout in our major indices was confirmed by expanding volume so let's look to gap support and rising 20 day EMAs as levels where the bulls should begin to impose their will. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. We will, however, be adding several stocks later this week so be watching for that. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List: All the large cap stocks are fairly similar. They're overbought and needing some relief if you're looking for entry. Mid Cap Watch List: AMBA - Broke out on Monday with super volume. It's pulling back today, nearing its breakout level. DSW - Again trying to bounce off support. GRUB - Best action in awhile as it's finally cleared the 36.50 intraday resistance that was giving the stock trouble. VEEV - Another test today of its rising moving averages on light volume. 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