EB Watch List Update Report
Dear Members:
MARKET NOTE:
All of the sudden it's a blue chip stock day with only the Dow having any kind of decent morning. Only the NASDAQ is lower. On the other hand bond yields are up sharply with the ten year treasury note back to 2.45% and its recent move lower. The VIX is fairly flat after moving higher yesterday and closing above both its 20 and 50 day moving averages. But by historical measures it remains very low indicating the bit of selling we've had the past few sessions is mostly being taken in stride.
ADDITIONS TO WATCH LISTS:
No 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
INTU - Please note we added INTU yesterday and will be adding a chart on our site today with target and stop loss levels
CAM - Stock down on light volume; no technical issues
GPRO - Testing the $54-55 support area
MAT - Lacking volume. Close above $27.04 on increasing volume would be bullish
RYAAY - Hitting another 52 week high
VMW - Testing its rising 50 day moving average which has been solid support the last month
Mid Cap Watch List
No comments on Mid Cap stocks today
Small Cap Watch List
CAMP - We are removing CAMP from our Watch List at $18.38 as it reports earnings on Monday
DELETIONS FROM OUR WATCH LISTS:
Camp is being removed from our Watch List. 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, EarningsBeats