EB Watch List Update Report

Dear Members: MARKET NOTE: The market is down slightly today on what might be considered normal profit taking after yesterday's strong move higher. The move yesterday included a new all time high on the NASDAQ, something not seen in over 15 years. The move higher returned the technical advantage to the bulls but that could change if selling accelerated later today. Right now the S&P is trading between a range of 2106 to the downside and 2134 to the upside. So far the market has easily absorbed the Fed's rate announcement from the other day and bond yields are lower with the ten year treasury note moving back closer to 2.25%. This is an indication that the fear of sudden and rapid rate increases by the Fed is no longer an issue at the moment. Now we want to see if the bulk of yesterday's gains hold and even better for the bulls would be some renewed buying into the close. ADDITIONS TO WATCH LISTS: There are no new 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 RYAAY - Stock hit a new 52 week high today but could use some more volume VMW - Stock touched its 20 day moving average today and is so far holding MAT - Closed at $27 yesterday and a close above that level would be bullish Mid Cap Watch List DLB - Stock closed above its 200 day moving average for the first time since very early in the year. Could use more volume but is heading in the right direction. Small Cap Watch List No comments on Small Cap stocks today. DELETIONS FROM OUR WATCH LISTS: There are no other deletions from the Watch List today unless a Watch List stock hits its stop loss. I want to wish everyone a restful weekend! At your service, John Hopkins, Earnings Beats