EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Friday: BRK.A, CTB, HUM, MT, PBR Monday: BID, DDD MARKET NOTE: The latest jobs report was out this morning and it told us what most economic reports have told us. Things are improving, but not great. Of course, this is music to the ears of the bulls because it suggests that the Federal Reserve's accommodative stance is not likely to change any time soon. 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 - Nice sideways consolidation as the 20 day EMA rises underneath to hopefully provide future support, together with price support. V - Has now printed higher lows all seven days since its excellent earnings report was released. Mid Cap Watch List: CRS - Super action today, breaking out above the 50.50 price resistance on its bull flag pattern. This measures to approximately 59.00 in time. DSW - Approximately 2% away from our initial target. There's been a long period of consolidation with DSW but support has not failed and it now appears to be resuming the uptrend started with the August gap higher. Earnings will be out in the next couple weeks here, so be sure to capture profits along the way. IRBT - Bullish hammer printed off price support and 20 day EMA support on Thursday and it's seeing a continuing rally today - nice short-term action. MLNX - The congestion just above the rising 20 day EMA remains. VEEV - Also seeing lots of congestion near its rising 20 day EMA. 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