EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday ABT, T, AN, BA, CAKE, CTXS, CLGX, DHI, EBAY, EMC, EFX, FFIV, FB, FBP, GNTX, HBAN, KNX, LVS, LHO, MCD, MORN, NLSN, NS, ORLY, OC, PLCM, QCOM, RJF, R, CKH, SIX, SLM, STJ, TROW, TCBI, TXN, KO, TSCO, UHS, XLNX Thursday MMM, ALK, ALTR, MO, AMZN, BKU, BAX, BBT, ELY, COF, CSL, CAT, CB, CYN, DHR, DPZ, DOW, DPS, DNKN, ETFC, LLY, FICO, FCX, GM, GOOG, HBHC, HSY, IR, JNS, JCI, JNPR, KLAC, LAZ, MSFT, N, NEM, NUE, P, PEP, PFG, PG, PHM, DGX, RTN, RSG, SBAC, LUV, SWN, SWK, SBUX, SYNA, UNP, UAL, VRSN, GRA, MARKET NOTE: Stocks are higher this morning after a weak start. McDonald's reported earnings and is up over 4% while Visa and Master Card are higher on positive developments for credit cards in China. Today and tomorrow represent the two most important earnings days of the season so far and we are going to get a slew of reports to the point where I believe it will determine the short term direction of the market. I do believe by Friday we will know if the S&P is going to clear its all time high of 2119 or not. If it doesn't we could be looking at a near term top. That's how important the next few days could be. Stay tuned! 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 HAR - Could have just printed the right side of the cup a pullback to the rising 20 day ema on light volume would be bullish. HRS - Broke out yesterday to a fresh high on big volume PCLN - A close over $1206 with strong volume would be bullish near term Mid Cap Watch List GOGO - MACD looks great and looks to go higher but is struggling near $22.04 resistance INFN - Company reported earnings after the bell last night and initially gapped higher but is now lower. We meant to remove it prior to its earnings report so it will be coming off the Watch List report. Been a great performer. Great trade! ON - Back above its 50 day moving average and a close above $12.38 would be bullish. Small Cap Watch List SWHC - Not a bad re-entry price here on this pullback DELETIONS FROM OUR WATCH LISTS: INFN IS BEING REMOVED FROM THE WATCH LIST. There are no deletions unless a Watch List stock hits its stop loss. At your service, John Hopkins, Earnings Beats