EB Watch List Update Report

Dear Members: First, please note that we will be adding some stocks to and taking some stocks off our Candidate Tracker later today. MARKET NOTE: Not a pleasant start to the week for the bulls with all of the major indexes downs over 1%. Turns out all of the negative headlines about Greece seem to be playing out today with world market tumbling. Nerves are being test today with the VIX down 23% as it climbs above all key technical levels, favoring the bears. Bond yields are down sharply as well as traders move to safety with the ten year treasury note down over 11 basis points near 2.36%. Only the utility sector is higher today as traders get defensive. So far the &P has held support at 2072, the most recent low. If that goes then the 200 day moving average, now at 2053, could come into play. That's something that hasn't happened since February 1 so the bulls are looking to turn things around as quickly as possible or risk further selling. ADDITIONS TO WATCH LISTS: No additions to the Watch List today. Need to let this bout of selling pass as we wait for better opportunities. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List CTRP - Near our closing stop of $70; holding so far. GPRO - Below gap support; now testing rising 50 day moving average. INTU - Hit our second entry of $102 with a tight closing stop of $100 MSFT - Currently trading in gap support zone. Second entry at $44 on further weakness. VMW - Testing price support from May on moderate volume Mid Cap Watch List DLB - Testing its 50 day moving average on light volume Small Cap Watch List MMSI - Bouncing on its rising 20 day ema; still looks good. DELETIONS FROM OUR WATCH LISTS: There are no deletions from the Watch List today unless a Watch List stock hits its stop loss. At your service, John Hopkins, EarningsBeats