EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday BAC, SCHW, DAL, NFLX, PNC, SNDK, USB Thursday AXP, BLK, BX, C, GS, KEY, SLB, SHW, UNH MARKET NOTE: The market is off to a good start today with all of the major indexes up in lock step. The NASDAQ is taking another crack at 5000 while the Dow and S&P are trying to get some distance from their respective 20 and 50 day moving averages which continue to remain closely aligned. Oil is having a strong day on weaker than expected inventory. And Intel is up over 4% on its earnings reports, giving the bulls some ammo to work with. We'll get the Fed Beige Book at 2:00 pm eastern with all eyes on any fresh data that might shine a light on the Fed's intentions to raise rates. So far the bond market is telling us not to worry. 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 BA - Struggling to close above the $155-156 range CSCO - Climbing back above its 50 day moving average and a close above $28.13 would be bullish. PCLN - Holding above $1190 that was just resistance Mid Cap Watch List GOGO - Up almost 3% and a close above $20 would be bullish INFN - Seeing some profit taking on light volume; Gap support is at $19.43. KLIC - Cleared $15.90 resistance yesterday and trying to close back above its 50 day moving average of $15.97 which would be bullish ON - Up over 3% as it tests its 20 day ema. A close above $11.86 would be bullish. Small Cap Watch List RTEC - Breaking above its 20 day ema of $11.56 but could use some more volume SWHC - Up 12% on raised earnings guidance. THIS STOCK HAS HIT OUR PRICE TARGET SO A GREAT TRADE! This would be a great place to take profits or raise your stop. The stock Will remain on list for now. For those who continue to hold a close above $14.50 would be bullish. VDSI - Up almost 4% today with increasing volume. Short term resistance is near $25. DELETIONS FROM OUR WATCH LISTS: There are no deletions unless a Watch List stock hits its stop At your service, John Hopkins, Earnings Beats