EB Watch List Update Report

Dear Members, Note: I'm traveling today and won't be able to send out this update later today so that's the reason for its early release today. KEY EARNINGS REPORTS: Friday: ANN, FL, PBR Monday: BRCD, NUAN, QIHU, WDAY MARKET NOTE: Equities have opened higher as comments from the European Central Bank suggested they are ready to act quickly if inflation pressures increase. The bull market lives on and is difficult to bet against, which is why we maintain only long positions at this time. 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: AMGN - Breaking out intraday, but will need decent volume to confirm. BMY - Breakout out early, but will need decent volume to confirm. RAX - Continues its upward march after closing at a fresh recent high on Thursday. Mid Cap Watch List: IRBT - Back into the upper range of its 34-36 trading range. Needs more volume and a decisive break above 36. MLNX - Hasn't participated much in the recent market push higher, but also hasn't broken down. Watching it closely, but holding for now. SNCR - Trying to steady itself after the analyst downgrade on Wednesday. Thus far, it's holding onto the support at 41.50-42.00. TASR - Gapped higher this morning and is poised to breakout. The question will be where we close. Eventually I see this one going higher. An initial position here wouldn't be a bad technical move. CMPR - Resting at 20 day EMA, our initial entry point. 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