EB Watch List Update Report

Dear Members: MARKET NOTE: Not a great way to end the week but tough to gain any traction with a negative GDP reading and a weak Chicago PMI report. Even though bond yields are lower traders aren't seeing anything they can point to as a major plus this morning. Instead the Dow has moved back below its 50 day moving average and the NASDAQ has pulled back after failing once again to revisit its most recent high. It's still early in the session but the bulls have a lot of work to do if they hope to end the month of May on a positive note. ADDITIONS TO WATCH LISTS: There are no additions to the Watch List today but with our latest batch of additions to the Candidate Tracker we expect some will be added soon. No need to rush in with the current weakness. 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 - Up on a down day but needs to get back over its 20 day moving average which is now at $52 and would be bullish GPRO - With yesterday's breakout initial support now is at $55 a level tested earlier in the session Mid Cap Watch List RH - Recently been holding its rising 20 day ema; look for that to continue. Small Cap Watch List CAMP - Continues to test its rising 20 day moving average MMSI - Consolidating at its 20 day moving average DELETIONS FROM OUR WATCH LISTS: There are no deletions unless a Watch List stock hits its stop loss. I want to wish everyone a restful weekend and I will be back with another EB update on Monday. At your service, John Hopkins, Earnings Beats