EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Tuesday
MKC, SONC, SCS
Wednesday
APOL, FUL, PVH, RHT
MARKET NOTE:
A fairly quiet Tuesday though the NASDAQ has sprung back to life after taking a day off yesterday. So far the month of March has been flat as a pancake on the S&P. So after February's strong gains we're in consolidation mode. I think this favors the bulls since they've managed to hold on to the bulk of the gains since last October's bottom. Technical indicators favor the bulls as well. I do believe we will see the bulls take another run at the all time high of 2119 on the S&P; just a matter of time.
ADDITIONS TO WATCH LISTS:
There are no additions to the Watch List.
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
Short Watch List:
There are no Short Watch List stocks at this time.
Large Cap Watch List
AN - Showing some negative divergence on 60 minute chart; possibly short term challenges
HRS - Did hit gap and price resistance at 74 the other day and failed to power through
MCO - Showing some momentum issues in the near term
RHT - Stock is up higher today and reports earnings Wednesday so we are REMOVING RHT FROM OUR WATCH LIST
Mid Cap
INFN - Recently hit our target at $19 - possible re-entry near rising 20 day now at 18.31
RYL - Up almost 2.4% as continues breakout
Small Cap
VDSI - Hugging its 20 and 50 day moving averages and a close above 23.56 would be bullish
DELETIONS FROM OUR WATCH LISTS:
WE ARE REMOVING RHT FROM OUR WATCH LIST AS THEY REPORT EARNINGS TOMORROW
At your service,
John Hopkins, Earnings Beats