EB Watch List Update Report

Dear Members: First, as a reminder I will be conducting a webinar tonight at 7:30 pm eastern. I will be discussing key features and best way to use the Earnings Beats service including some examples of recent trades. You will receive room instructions later this afternoon. Also the webinar will be recorded for those of you unable to attend the live event. MARKET NOTE: First, 60 minute divergences are nasty which may be having an impact on today's trading. The NASDAQ hit another all time high and has now moved into negative territory. Maybe just some profit taking here but also maybe some caution after the nice move higher the past few sessions. The Dow and S&P continue to lag the NASDAQ; traders continue to shy away from blue chip stocks. Would be better if all of the major indexes were moving higher in lock step. None of the major indexes are technically overbought so there's still room to move higher if traders remain in a buying mood. Would also help if the S&P closed above 2130; it hasn't been able to do that for a full month now. ADDITIONS TO WATCH LISTS: There are no new additions to the Watch List today; we've got some new candidates on our radar screen but are holding off adding any new ones 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 - Nice comeback day, up almost 3.5% after yesterday's move to the downside MAT - Recent uptrend bullish. Needs to clear 27.04 on closing basis with volume. Got as high as $27.05 today so a close back above that level would be bullish. Mid Cap Watch List DLB - Stock has stalled at 41.23 price resistance, 60 min negative divergence on Monday's high could be hurting stock near-term. Holding the 200 day moving average, now at $40.74, would be helpful. TILE - Stock is down mildly today. We took profits yesterday and have our eyes on an entry level at the rising 20 day moving average, currently at $23.18. Should it get there it could present a nice reward to risk opportunity. RBA - Our latest addition to the Watch List is showing a lot of consolidation at its 20 day moving average. A close above $29.05 would be bullish. Small Cap Watch List CAMP - Stock was back to our second entry at $18.75 yesterday and again held gap support at 18.75 which is Bullish. DELETIONS FROM OUR WATCH LISTS: There are no other deletions from the Watch List today unless a Watch List stock hits its stop loss. At your service, John Hopkins, Earnings Beats