EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: ADBE, ZBRA Wednesday: FDX, GIS, GES, MLHR, JBL, WSM MARKET NOTE: Today is not quite the opposite of yesterday, but not that far off. Where yesterday traders couldn't get enough of stocks, today they don't want to touch them. Could be a combination of fear leading up to tomorrow's FOMC interest rate announcement, to options expiration week, to the market simply trying to find a level of comfort. All of the major indexes closed above key technical levels yesterday and today they are threatening to close back below. We might need to wait until that FED announcement is out of the way tomorrow before figuring out where stocks are headed in the near term. ADDITIONS TO WATCH LISTS: We are adding HRS to our Watch list with first entry at current level. Details to follow tonight when we add the annotated chart to our site. 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 - As a reminder, ADBE reports its earnings later today so we REMOVED it from our Watch List. MCO - Breaking out and clearing inverse neck line resistance - looks bullish Mid Cap Watch List: INFN - Stock continues moving higher, going against the grain SYNA - Stock is trying to reverse recent downtrend and is consolidating above its 20 day moving average Small Cap Watch List: VDSI - Having a GREAT follow through day today, up over 7% as it follow through after bouncing off of support yesterday. A close above 23.79 would be very bullish. DELETIONS FROM OUR WATCH LISTS: ADBE was REMOVED from our Watch List since they report earnings today. At your service, John Hopkins, Earnings Beats