EB Watch List Update Report
Dear Members:
First, please note that we are updating our Candidate Tracker where we are removing stocks that we will no longer be following at the present time while adding a new group of of 90+ stocks. This should be completed by tomorrow and you will be notified accordingly.
MARKET NOTE:
A rough start to this holiday shortened weak; nothing is being spared with all of the major indexes down over 1%. Economic reports out this morning all beat expectations but no one seems to matter. Instead the headlines are blaming re-energized US dollar. Whatever the actual reason the bulls need to hold 2097 on the S&P or will lose the technical advantage which won't be positive for stocks.
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 - Down today on decent volume; rising 20 day ema should provide support and ultimately a close above $55 would be bullish.
MAT - Needs to close back above $27 to regain its momentum
MKC - Down fractionally but nearing price support at $78.27
Mid Cap Watch List
DLB - Down today and approaching our second entry of $38.77
RH - Pulling back on light volume after failing to close above $92.50
Small Cap Watch List
CAMP - Stock down 3.5% after breaking out on Friday but still above its rising 20 day ema
MMSI - Approaching our second entry at $19.75 with strong volume trends
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