EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday AXP, BLK, BX, C, GS, KEY, SLB, SHW, UNH Friday CMA, GE, HON, STX MARKET NOTE: The market isn't down by much, but it is down. It wasn't what the bulls were hoping for after yesterday's gains. But the bears are doing what they can to at least stop the Dow and S&P back to their all time highs and the NASDAQ is having a tough time negotiating the 5000 level. Earnings reports seem to be mostly decent so far; there will be a ton more coming out over the next two weeks. Options expire tomorrow so perhaps we are seeing some squaring of puts and calls. Overall I have to give the edge to the bulls but they've still got work to do if they hope to reach new territory. 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 - Trading at highest level in over a month on increasing volume MCO - This might not be a bad time to take some profits as MACD is starting to roll over some. Will be watching closely. DATA - Stock up close to 4% on nice volume; a close above $99.90 would confirm the breakout with MACD pointing up. Mid Cap Watch List GOGO - Made a nice move higher yesterday and closing in on price resistance at $21.37. Don't hesitate to take profits if you've got them! For those who hold a close above that $21.37 level would be bullish. ON - Stock higher today and a close above $12.13 would clear recent price resistance and 50 day moving average which would be bullish SYNA - Stock has been a nice winner; is stretched here. Is only a few dollars off our target and will report earnings over the next two weeks. WE ARE TAKING OFF OF OUR WATCH A NICE WINNER. GREAT TRADE! Small Cap Watch List SWHC - Made breakout yesterday after hitting our target. If you continue to hold next gap resistance is at $15.50. VDSI - Up nearly 4% and breaking out above recent price resistance near $25 on nice volume. DELETIONS FROM OUR WATCH LISTS: WE ARE REMOVING SYNA FROM OUR WATCH LIST. There are no other deletions unless a Watch List stock hits its stop. At your service, John Hopkins, Earnings Beats