EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Friday: FL, SPLS, TRCO Monday: KFY, UNFI, URBN MARKET NOTE: One day after the bulls were feeling better, the bears are celebrating today with all of the major indexes substantially lower. The catalyst for the move lower seems to be the better than expected jobs report which has triggered a spike in bond yields. For example, the ten year treasury note is up 14 basis points and is back to 2.25% compared to the most recent low of 1.65%. This is evidence that the market now believes the Fed will be raising rates sooner than many think is wise. Whatever the case, a close below 2090 on the S&P would be bearish with 2062, the 50 day moving average, now vital support. ADDITIONS TO WATCH LISTS: There are no additions today to the Watch List. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List: ADBE - Holding above all key technical levels AN - Second entry is $60 DATA - Down 2% today but holding nicely above our initial entry level HAR - Holding above all key technical levels MCO - So far holding above its 50 day moving average Mid Cap Watch List: INFN and KLIC - Both stocks are trading near their respective flat lines, showing some strength in this weak market RYL - Has price support at $44 SYNA - Holding above key technical levels 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. At your service, and wishing you a relaxed weekend! John Hopkins Earnings Beats