EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: FDX, GIS, GES, MLHR, JBL, WSM Thursday LEN, NKE MARKET NOTE: It's Fed day and along with that comes some jitters, warranted or not. Interestingly, while some are concerned that the Fed will up its rate increase jargon, bond yields are not in agreement. In fact, the yield on the ten year treasury note is now near 2.02%, not exactly what one would expect if the Fed were about to signal an increase. Still, we're likely to see some volatility right after the announcement and especially if traders feel the Fed has clarified its stance appropriately. Stay tuned! ADDITIONS TO WATCH LISTS: We added HRS to our Watch list yesterday and will have the chart up on our site with pertinent details today. Second entry won't be until $69.06 which represents gap support. 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 - Adobe was removed ahead of its earnings report. It reported last night and is currently down 2.25%, but off the sessions low. So far it's held its 50 day right on cue. DATA - Another very nice day with the stock up close to 3%. Is currently in a trading range of $90-100 MCO - Made breakout yesterday on heavy volume; $99 should be solid price support Mid Cap Watch List: KLIC - Stock near recent price support of $15.85. RYL - This stock is in serious consolidation mode right near its 20 day moving average of $44.41. Could go either way here but so far showing some strength. Small Cap Watch List: VDSI - Stock is up another 1.5% today and up between 8-9% since added to our list. Don't hesitate to pocket some nice profits or raise your stop loss! A close above $23.71 would be very bullish. DELETIONS FROM OUR WATCH LISTS: There are no deletions at this time unless a stock closes below its stop loss At your service, John Hopkins, Earnings Beats