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. Also, we are changing the categorization of stocks as follows: -Large Cap - Any stock with a market capitalization of $10 billion or greater -Mid Cap - Any stock with a market capitalization of $2-10 billion -Small Cap - Any stock with a market capitalization of less than $2 billion As a result of this change GPRO and MAT will be moved to the Mid Cap category and Tile will be moved to the Small Cap category. MARKET NOTE: Stocks have bounced to today but not by much as the market is off of its earlier highs. So far the response to yesterday's heavy selling has been weak as traders remain cautious. The VIX spiking by almost 35% yesterday made it clear that fear of further selling is on the mind of market participants. All of the major indexes closed below key technical levels with the Dow closing below its 200 day moving average for the first time since October of last year. And the S&P barely closed above its 200 day. This is a critical level for the bulls to hold if they hope to regain the momentum. And don't expect the bulls to have much say about anything until the S&P closes back above 2100 at a minimum. ADDITIONS TO WATCH LISTS: We are adding Ebix, Inc (EBIX) to our small cap Watch List at the current price of $32.62 with a second entry on any pullback to $31.43. Additional details including price target and stop loss will be added to our site prior to 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 CTRP - On light volume yesterday it held our closing stop and is bouncing today INTU - Treading water and trading in its gap support zone after hitting our second entry at $102 MSFT - Hit our second entry today at $44 and attempting to bounce off that level RYAAY - Testing its rising 20 day moving average on light volume Mid Cap Watch List DLB - Printed a nice hammer on Monday and trying to bounce RBA - Triggered our second entry at $28, right at its rising 50 day moving average, and is attempting to bounce on light volume. Small Cap Watch List MMSI - Bouncing off of its rising 20 day moving average on light volume 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