EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday CSX, FAST, INTC, JNJ, JPM, WFC Wednesday BAC, SCHW, DAL, NFLX, PNC, SNDK, USB MARKET NOTE: The market is off its session lows with the Dow and S&P now in positive territory. For once the NASDAQ is lagging after trying once again to close back above 5000 yesterday without success. Earnings season has heated up with some mixed results. On the plus side, JP Morgan has hit an all time high, giving financials some visibility. But bond yields are down with the ten year treasury note near 1.86% ahead of tomorrow Fed Beige Book. This jockeying for position here is causing fits and starts for both the bulls and bears alike. We do have Intel reporting after the bell tonight and plenty of other companies reporting over the next two weeks with traders keeping a close eye on the overall trend to help them make prudent decisions. 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 - Bouncing off its 20 day moving average BA - Bouncing off its moving averages CSCO - Has been in an uptrend but printed a bearish inverted hammer and is losing some ground today LNKD - Pulling back to test gap support DATA - Failed on breakout yesterday and struggling today on light volume Mid Cap Watch List INFN - Up almost 3% and a close above 20.40 would constitute a break out RYL - Nice bounce off its 20 day moving average Small Cap Watch List RTEC - Trying to clear 20 day moving average of 11.54. Could use more volume. VDSI - Tested its 20 day ema and is bouncing DELETIONS FROM OUR WATCH LISTS: There are no deletions unless a Watch List stock hits its stop At your service, John Hopkins, Earnings Beats