EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday: No key earnings reports expected Tuesday: ADBE, ZBRA MARKET NOTE: If you're a bull, you've got to love the action today. It's a well rounded move with all of the major indexes participating. In fact, the Dow and S&P are now more in sync with the NASDAQ which had gotten a bit ahead of itself. So the major indexes are now trading more in lock step, which is a good thing. Also, all of the major indexes are above their respective 50 day moving averages and are attempting to clear their 20 day's as well. So a close above 2076 on the S&P would be quite bullish. Remember that the FOMC makes their rate decision on Wednesday so we could see some additional volatility into the announcement. We've also got options expiring on Friday, so could see some increased call and put squaring which could also affect volatility. If the bulls can manage to hold early gains into the close that would most definitely be a positive. 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 - ADBE reports its earnings tomorrow so it is being REMOVED from our Watch List. AN - Nice bounce off second entry. Like to see a close above 62.75. HAR - Back above its 20 day with increasing volume MCO - Looks like inverse head and shoulders pattern. Look for breakout above $99 which would be bullish. Mid Cap Watch List: INFN - Stock is up 2.5% and HIT OUR PRICE TARGET OF $19. It's very close to being technically overbought so don't hesitate to lock in nice profits. We'll leave it on our list for now and a pullback to the rising 20 day moving average could present an opportunity for a re-entry Small Cap Watch List: VDSI - Stock is up almost 3% after bouncing nicely off of price support DELETIONS FROM OUR WATCH LISTS: ADBE is being REMOVED from our Watch List since they report earnings Tuesday. At your service, John Hopkins, Earnings Beats