EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Friday CPN, CBOE, CHTR, CVX, CLX, CTB, CVS, DUK, ITT, LM, MSG, MCO, NWL, POM, TDS, WY Please note after today we will not be listing upcoming earnings reports until we get to the beginning of the next quarterly earnings season. MARKET NOTE: Traders are in a better mood today than yesterday with all of the major indexes off to a good start as we begin a new month. April ended with a thud and with all of the major indexes closing below key technical levels. Now we want to watch and see if the market can hold the gains into the close. Would be bullish if the S&P closed back above 2100; a message from the bulls that they aren't going to lay down easily. If we do see more selling watch for the next level of support to be in the 2072 range on the S&P. ADDITIONS TO WATCH LISTS: There are no additions to the Watch List 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 HRS - Did print bullish piercing candle on Thursday on increasing volume. With a negative divergence in play we expect more consolidation. MKC - A close above the 20 day moving average, now at $76.17, would be bullish DATA - Has earnings coming up on May 7 so if we see any rally it might be good time to take profits. Also are raising the stop to $95. Mid Cap Watch List GOGO - Looks to be printing a handle near its 20 day moving average on light volume ON - We are REMOVING ON FROM THE WATCH LIST as it reports earnings on Monday Small Cap Watch List No comments on small cap stocks today DELETIONS FROM OUR WATCH LISTS: We are removing ON from the Watch List. There are no other deletions unless a Watch List stock hits its stop loss. At your service, John Hopkins, Earnings Beats