EB Watch List Update Report
Dear Members,
MARKET NOTE:
Some movement in stocks today with the NASDAQ showing the most strength with bond yields lower and oil higher. Economic reports from the morning were mixed but mostly weak. Fed chairwoman Janet Yellen will speak tomorrow but traders already know the Fed isn't looking at raising rates over the next few months. All in all the market is holding up quite well with the NASDAQ poised to close at a multi-year high if early gains hold into the close.
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
CAM - Stock is back above its 20 day
MAT - Stock successfully held its 50 day yesterday and is up almost 1.5% today
Mid Cap Watch List
FLTX - Stock is back below its 20 day today after the sharp move higher yesterday. A close back above 42.37 would be bullish.
Small Cap Watch List
SWHC - Stock is up 1.7% and a close above $15.45 would be bullish
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