EB Watch List Update Report
Dear Members:
MARKET NOTE:
A continuing theme of the market going nowhere fast. In fact at its low of the day today the S&P was within a few points of its late December, 2014 high. So we've basically made no progress since then except there is at least a new high to aim for. Traders might be a bit confused as to why treasury yields continue to climb with so many weak economic reports of late. Maybe we'll get some clarification when the Fed Beige Book is released tomorrow.
ADDITIONS TO WATCH LISTS:
There are no new additions 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 - Up 3.3% and going against the grain today. A close back above $53.39 would be bullish short term.
GPRO - Continues to rise on heavy volume with a strong MACD
MKC - Stock needs to get back over its 20 day ema which would be bullish
Mid Cap Watch List
DLB - Nice reversing candle yesterday and would expect to see it go higher from here
RH - Back above its 50 day moving average but still below $92.50 resistance
Small Cap Watch List
MMSI - Continues to hover near closing resistance near $21
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