EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Thursday
KMX
Friday
None
MARKET NOTE:
Today seems to be mostly about some hedging going on ahead of tomorrow's monthly jobs report. Economic reports out today were better than expected so that is helping as well. Right now the charts on the major indexes favor the bears. I'm keeping a close eye on the S&P since the 20 day moving average is now only 2 points above the 50 day; not good if crosses below. At this point it's all the monthly jobs report. Could either result in another leg down or give the bulls a chance to regain control. No use in guessing.
ADDITIONS TO WATCH LISTS:
No 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
AN - Trying again to break out; just needs more volume
HAR - Bouncing off its 50 day moving average
HRS- Continues to look bullish as it holds recent gains
MCO - Trying to break out; needs more volume
Mid Cap Watch List
INFN - Trying to put in hammer on 20 day moving average and price support
KLIC - Testing $15.90 price resistance and moving averages; close above on increasing volume would be bullish
ONNN - Up nicely from second entry; needs to get back through 50 day moving average as step one
Small Cap Watch List
RTEC - Printed bullish engulfing candle yesterday
SWHC - Showing bullish engulfing candle today and if holds into close would be bullish
DELETIONS FROM OUR WATCH LISTS:
There are no deletions unless a Watch List stock hits its stop
At your service,
John Hopkins, Earnings Beats