EB Watch List Update Report

Dear Members: MARKET NOTE: The market is up again today with the NASDAQ showing the most strength with the bulls happy to have any type of follow through after yesterday's nice gains. In spite of weaker than expected retail sales all of the major indexes are higher. Even better for the bulls, all of the major indexes are now back above all key moving averages, giving them the technical advantage for the first time since the end of June. The VIX is down another 5% today as fear of negative overseas developments has mostly dissipated and as attention has now turned to earnings. The bulls have managed to move the S&P back above 2100 which was an important level to clear and remaining above that level into the close would be a positive as well. KEY EARNINGS REPORTS Companies reporting today (July 14) include: CSX, FAST, JNJ, JPM, WFC Companies reporting tomorrow (July 15) include: BAC, BLK, DAL, INTC, NFLX, PNC, STX, USB NEW FEATURE Please note that we have added a new feature on our site. It is our "Entry Price" link that you will find near the top of the Watch List page. You are now able to click on that link and it will show you the full Watch List and for each individual stock the stock symbol, date added to the Watch List, entry prices, price target and stop loss. This way you won't have to go to the annotated charts if you want a quick snapshot of key entry, target and stop losses on each stock. ADDITIONS TO WATCH LISTS: Repeating yesterday, over the next few weeks as earnings seasons builds we will be looking to add a lot of stocks to our Candidate Tracker. Some of these stocks will become Watch List stocks where we will be providing entry, target and stop loss levels. As usual we'll evaluate each stock individually and wait for what we feel are optimal times to enter. There's often a lag time between a company reporting earnings and making it on our list as we watch for gap ups, follow through on initial reaction, volume indicators and pullbacks, to name a few. So we'll be patient as we scan for top notch candidates as earnings season progresses to present to our members. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List CAM - This stock has been struggling as of late with Earnings come up next week. The MACD is below the center line plus volume trends have been weaker. Had a little run today to get close to break even since it was added to the Watch List so we are taking it off now at current price of $52.57. MSFT - Stock is up again today. Could see some resistance at its 50 day moving average currently at $46.24 and recent price high of $46.28. We will watch closely as they report next week. Mid Cap Watch List GPRO - Stock has moved back above key moving averages on heavy volume. We are RAISING THE STOP to a close below $53.80 to protect profits. MAT - Are removing stock from out Watch List at current price of $25.86 as they are reporting earnings tomorrow RBA - Putting in nice candle so far today with a tail below $27 support. A strong finish today would be bullish. Small Cap Watch List TILE - Stock is up slightly today with closing resistance at $25.31 which could be a good place to take profits MMSI - Stock closed yesterday at a new high but could use additional strength for confirmation of break a out DELETIONS FROM OUR WATCH LISTS: We are removing CAM and MAT from our Watch List. 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