EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Friday:
No key earnings reports expected
Monday:
No key earnings reports expected
MARKET NOTE:
One day after a bounce back rally stocks are struggling again today. The headline blames today's selling on a strengthening dollar which seems to be a theme of late. Whatever the case, both the Dow and S&P have now dipped back below their respective 50 day moving averages, not exactly what the bulls were hoping for after yesterday's move higher. It does point out that traders continue to have one finger on the sell button instead of lining up to buy on dips. The bulls would be well served to at least close the S&P back above 2060 heading into the weekend.
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:
BA - Continues to consolidate and hang near its 20 day moving average and price support
HAR - If fails to hold 129.50 looks like could head to our second entry level near $125
Mid Cap Watch List:
SYNA - Holding where it needs to right now at price support of 79.29
Small Cap Watch List:
DELETIONS FROM OUR WATCH LISTS:
There are no deletions today unless closing stops are violated.
At your service,
John Hopkins, Earnings Beats