EB Watch List Update Report
Dear Members,
MARKET NOTE:
A wild morning for sure with stocks off the lows of the session as bond yields settle down. The ten year treasury note alone touched 2.37% earlier in the day and has since fallen twelve basis points, now near 2.25%. This wild ride in bonds the past few sessions has traders scratching their heads and stocks on a roller coaster ride. And its coming during an historically tough period of the year and with options expiring on Friday. Yet both the Dow and S&P remain within striking range of their respective all time highs. So traders aren't willing to throw in the towel, at least not yet.
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
GPRO - Nice reversal after bouncing off the 20 day moving average earlier in the session
MKC - Nice bounce of its 20 day moving average
URBN - Nearly touched gap support earlier in the session and trying to reverse
Mid Cap Watch List
DLB - Hitting near term lows and approaching our second entry at $38.77
RH - Been volatile lately tested 50 day moving average to the top yesterday and tested 200 day on weakness today
Small Cap Watch List
MMSI - Nice bounce of its 20 day ema today. Volume trends lately have been strong.
SWHC - Continues to consolidate in a bull flag
DELETIONS FROM OUR WATCH LISTS:
There are no deletions unless a Watch List stock hits its stop loss.
At your service,
John Hopkins, Earnings Beats