EB Watch List Update Report

Dear Members: First, please note we have completed our conversion from those of you who were previously Invested Central members so you all should have access to all features of the EarningsBeats.com site. Note also that if you were NOT an active EarningsBeats.com member prior to the conversion you should use your old Invested Central log in information for access to the membership portal. If you were already an existing EarningsBeats.com member prior to the conversion you will continue to use your EarningsBeats.com log in information. If you have any questions or experience any log in difficulty just let me know and it can easily be corrected. MARKET NOTE: The GreeK referendum has come and gone and the earlier negative market reaction has subsided some. All of the major indexes remain lower at the moment but are well off their earlier lows. This could be telling us that even though the Greek situation remains fluid the market is ready to move on and focus on other important economic and market related issues and events. For example, Q2 earnings season will kick off later this week when Alcoa reports its numbers after the bell on Wednesday, and there's nothing more important to investors then the bottom line. So far the S&P has held important support at its 200 day moving average, currently at 2055, which is critical for the bulls, as a close below that level could spell additional trouble. Stocks aren't the only asset class lower today. Bond yields are down with the ten year treasury note now at 2.33% while oil is getting hit hard, with US crude lower by over 5%. So we'll want to keep an eye on how the market closes today, see if the bulls can limit any further selling here and see if US equities can move into positive territory by day's end, which would be bullish. ADDITIONS TO WATCH LISTS: There are no additions to the Watch List today. Let's get through today and see how the market closes and then revisit tomorrow. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Please note we are adjusting our closing stops on two existing stocks which you will see in comments below. Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List CTRP - This stock opened below our closing stop but has rebounded some and we are adjusting our closing stop to today's open at $69.94 which is now important support. RYAAY - Gapped lower and has so far successfully held its rising 20 day ema VMW - This stock opened below our closing stop but has rebounded some and we are adjusting our closing stop to today's open at $83 which is now important support. Mid Cap Watch List DLB - Down 1.8% but so far holding our closing stop at $38 which we will maintain RBA - Squeezing between $28 price support and the falling 20 day ema Small Cap Watch List TILE - If stock hits its 20 day ema (now at $24.15) this will be our initial re-entry on the stock which has been a nice winner. Got close earlier this morning. 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