EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: ADP, AGN, CLX, CTSH, FMC, FOX, GM, GMCR, GSK, HUM, IRF, LNC, MPC, MRK, ORLY, PRU, RL, SNE, SO, UA, WFT, YUM Thursday: ADS, ATHN, ATVI, AZN, BWLD, CME, CI, CMI, CSL, DNKN, EL, EXPE, GPRO, ICE, KORS, LNKD, MTD, NWS, P, PM, PRGO, S, SIRI, SNCR, SNY, SRCL, SYMC, TWTR, VMC, VRSN, MARKET NOTE: Our major indices continue to perform well as economic reports out today were solid enough. Also, Disney (DIS) reported excellent results and that's helping to lift the consumer discretionary sector. The short-term rally continues as overhead price resistance once again approaches. ADDITIONS TO WATCH LISTS: There are no new Watch List stocks being added at this time. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List: BA - Challenging recent closing price high near 148.00. Short-term profits could be taken here. HSIC - Nice bounce off recent 50 day SMA test. RAX - Hammer from two days ago was reversing sign and RAX now uptrending and approaching price resistance near 48.00 (another 3% or so to go). Mid Cap Watch List: SYNA - Profit taking on light volume seems to be the culprit of today's decline. Initial key support at 75.12. TASR - Volume really subsiding as trading range takes over (25-28). VDSI - Up over 3% today, bouncing nicely from 21 support. Small Cap Watch List: There are no Small Cap Watch List stocks at this time. DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless closing stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com