EB Watch List Update Report

Dear Members: MARKET NOTE: Stocks are higher but not by much after yesterday's selling. The S&P remains near the same level it was four months ago, showing that traders are reluctant to jump in on the long side aggressively. But the bears haven't mounted a case to go short, either. Thus continued consolidation which makes finding the "best of the best" trading candidates even more important and putting profits in the pocket at every opportunity. ADDITIONS TO WATCH LISTS: We are adding a Large Cap stock, Intuit (INTU) at current price of $104.07 and a second entry at $102 on a pullback. Full details including target and price support will be added to our site by tomorrow's open. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List MAT - Tried to get through $27 but failed and is now testing moving averages from underneath. For those who are not active in the stock this might be a good reward to risk opportunity. VMW - Had a short term failure after gapping up above resistance. $87.50 - $89 should be good support on any pullback. Mid Cap Watch List FLTX - FLTX has been a great performer since it was added on May 18 and is up close to 20%. It has actually exceeded our target so we are taking it off a nice winner. It's not that far off from price resistance near $48.50. It's also technically overbought so it's time to book profits here at $47.47. GREAT TRADE! Small Cap Watch List MMSI - Pulled back and bounced on light volume off of its rising 20 day ema 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, EarningsBeats