EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday None Tuesday CSX, FAST, INTC, JNJ, JPM, WFC MARKET NOTE: The market is off to a positive start after a decent close on Friday. It's coming as a new week begins that will include a lot of key economic and earnings report. Tomorrow alone we'll hear from Intel, Johnson & Johnson, JP Morgan and Wells Fargo. We'll also get the Fed Beige Book on Wednesday, and whenever there's new Fed related information, the market takes note. We've also got options expiring on Friday, so expect increased volatility as the week progresses. 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 - Climbed above 20 day EMA last week, now trying to clear 50 day SMA. Close above 28.07 would be bullish. LNKD - Chart much more bullish with Friday's high volume push back through its moving averages. Even a pullback to the mid- to upper-250s would potentially set up an inverse right shoulder. Bullish chart. PCLN - Strong gains today helping to clear recent resistance just above 1190. DATA - Neared 100.00 price resistance. Don't like today's candle with the long tail to the top near resistance. Need to finish strong or chances increase of a short-term pullback. Mid Cap Watch List KLIC - Squeezing in narrowing range from 15.50-15.90. ON - Note the ticker symbol change. 11.40-12.00 seems to be the range of consolidation for now. RYL - Nice kick save off rising 20 day EMA on Friday. Today's selling on light volume. Small Cap Watch List RTEC - Strengthening near 20 day EMA resistance, but needs more volume and a close above 11.53 would be bullish. SWHC - For three weeks it's been trying to clear its 20 day EMA and 50 day SMA so a close above 13.10 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