EB Watch List Update Report

Dear Members: MARKET NOTE: There's an air of uncertainty in the market today which is reflected in early weakness. On the one hand the market remains one strong reversal to the upside from hitting all time highs on the major indexes. On the other hand traders are being super cautious at the moment. Adding to the equation; the IMF has now jumped in to the fray and asked the Fed to hold off from raising rates. How about that? Now traders can include the IMF request when trying to figure out if the Fed is going to raise rates. The NASDAQ touched 5100 once again today as the bulls remain determined to try to take that index higher. And so far 2100 has held on the S&P, a level the bulls must hold if they hope to maintain any technical advantage. ADDITIONS TO WATCH LISTS: There are no new additions today; just too choppy out there at the moment. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List MKC - Down some today testing 50 day moving average and trend line support Mid Cap Watch List Tile - Closed above $22 yesterday which has been short term resistance and continues move today RH - Momentum seems to be turning bullish but still need a close above $92.50 with some decent volume Small Cap Watch List No comments on small caps today 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