EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: BKS Wednesday: KKD, MW, MARKET NOTE: Today's action is looking more like last Friday's move lower with yesterday's buying in between. The bulls certainly weren't expecting this today and if anything were hoping the worst of the recent selling was over. But, instead, it's been a rough morning, with all of the major indexes down sharply. The bulls would like to at a minimum see the S&P close back above its 50 day moving average, now at 2061. That's going to take some more buyers to step up so we'll see what the mood is as the day progresses. ADDITIONS TO WATCH LISTS: We're adding a small cap stock to our Watch List - VDSI - This is an $869m market cap company. Entry at current level and more information and annotated chart will be added to our site later 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: ADBE - Hit and bounced off of price support near $76 AN - Continuing to consolidate near $60 Mid Cap Watch List: INFN - Made breakout on nice volume yesterday and remains strong RYL - Continues to consolidate near its 20 day SYNA - Was up close to $1.50 earlier in the session and continues to break today's market tred 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, John Hopkins, Earnings Beats