EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Wednesday
AA, BBBY, FDO, PIR, RAD
Thursday
STZ
MARKET NOTE:
The market continues to be in struggle mode here though the NASDAQ is showing some strength. There's a big battle going on right where key technical levels meet. This is particularly true on the Dow and S&P. The market is set up to go either way here, sort of a "no man's land." This makes it tricky to trade on either the long or short side. We might get some clarification when the Fed releases its minutes from the last FOMC meeting at 2:00 today. We'll also get earnings from AA and BBBY so maybe at least a preview of what to expect when earnings season kicks into high gear next week. For now let's tread lightly.
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
CSCO - Challenged its 20 day moving average of $27.66 and a close above would be bullish
LNKD - Challenging both its 20 and 50 day moving averages a close above $257 would be bullish
PCLN - Still battling price resistance at $1190
DATA - Up over 2% today as it moves towards the upper end of its range.
Mid Cap Watch List
SYNA - Up almost 2% with price resistance between $85-86
Small Cap Watch List
RTEC - Up 1.7% as continues to rally as it approaches its declining 20 day ema of 11.58. A close above would be bullish.
SWHC - Needs to close above key level at $13.10
DELETIONS FROM OUR WATCH LISTS:
There are no deletions unless a Watch List stock hits its stop
At your service,
John Hopkins, Earnings Beats