EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: DG, REV Friday: No key earnings reports expected MARKET NOTE: A much more bullish picture today with both the Dow and S&P outpacing the NASDAQ and both back above their respective 50 day moving averages. Intel's profit warning is hitting the stock but not hindering the overall market. The financial sector is hot today with the XLF up over 1.5%. Bond yields are lower as retail sales disappointed. A strong finish is what the bulls need, starting with a close above 2060 on the S&P. If we see a pullback late in the day it could indicate today is nothing more than an oversold bounce. ADDITIONS TO WATCH LISTS: There are no new additions 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 - needs to close over 20 day of 76.85 which would be bullish AN - Nice bounce after second entry; needs to clear trend line resistance at $62 HAR - Close above 20 day moving average of 133.64 would be bullish MCO - Having a nice day and looking for breakout above $98.51 which would be bullish Mid Cap Watch List: INFN - Another new high as continues break out SYNA - Testing 20 day and price support at 79.29 Small Cap Watch List: VDSI - Consolidating and trying to reverse down trend DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless closing stops are violated. At your service, John Hopkins, Earnings Beats