EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday ACN, CAG, LULU, Friday CCL MARKET NOTE: Stocks continue to show weakness after yesterday's drubbing. The NASDAQ joined the Dow and S&P as it dipped below its 50 day moving average earlier in the session. The bulls aren't making a compelling enough case to get aggressively long here. The S&P touched 2045, within 5 points of key support. The bulls need to get the S&P back over 2068 if they want any shot at trying to regain the momentum. We'll get Q1 revised GDP tomorrow so will see if the economy is slipping like the market is predicting. A better than expected showing might help to stem the selling. ADDITIONS TO WATCH LISTS: We are keeping our eyes on a few possible new trading candidates with this most recent pullback. 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 BA - Stock is testing its 50 day for the first time in a while - reversing candle would be bullish HAR - Recent negative divergence sending the stock near its 50 day; price support is between 128-130 HRS - Putting in nice candle; approached second entry near $69 and reversing off earlier low DATA - Got with 9 cents of second entry and has reversed nicely to the upside Mid Cap INFN - Hit the price support we identified yesterday as 17.84 and has reversed nicely, up almost 5.5% KLIC - Gapped down sharply and hit our second entry at 15.10 and has reversed. A close above 15.72 would be bullish. Small Cap VDSI - Stock remains above price support at $21 and is in consolidation mode DELETIONS FROM OUR WATCH LISTS: There are no deletions unless a Watch List stock hits its stop At your service, John Hopkins, Earnings Beats