EB Watch List Update Report

Dear Members: MARKET NOTE: The market is off to another positive start today on the strength of some better than expected earnings reports. All of the major indexes are higher with the NASDAQ within 15 points of its all time high close. Financials are strong again, a nice compliment with tech stocks higher as well. The VIX continues to fall, down another 7% as traders become more comfortable with the market environment. The move higher in equities is occurring even with recent strength in the US dollar. We'll be getting some more tech heavyweights reporting after the bell including EBAY and Google. A strong market response could keep the NASDAQ on course for its all time high. KEY EARNINGS REPORTS Companies reporting earnings today (July 16) include: BBT, BX, SCHW, C, EBAY, GS, GOOG, KEY, MTB, MAT, PM, SLB, SHW, UNH Companies reporting earnings tomorrow (July 17) include: GE, HON and STI EARNINGS CALENDAR Did you know that you can see the earnings date for all stocks on our Watch List by clicking on the Earnings Calendar link near the top of the Watch List page? We list the dates we are aware of for all of the stocks on our Watch List so members aren't surprised by an earnings report. Sometimes earnings dates will change and we try to catch that. If you are ever aware of a date that is different than what is showing on the calendar, please let us know. But you should always be aware when a company you own a stock on is reporting earnings because there can be very big swings once the numbers are released, and while big pops to the upside are always great to enjoy, the big moves to the downside can be painful. Our philosophy is to exit a position prior to an earnings release because its a 50-50 bet at best; not very good odds for your capital. ADDITIONS TO WATCH LISTS: Earnings season is heating up and next week will feature droves of companies reporting their numbers. This is when we will be adding a lot of stocks to our Candidate Tracker and then scanning further for high reward to risk opportunities to present to our members. Stay tuned! 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 - Stock is hitting big resistance at $107.67 and is technically overbought so we are taking profits here at $107.67 but will keep it on our Watch List and might re-enter on a pullback. For those of you who decide to hold the target remains at $110. MSFT - Stock is up 1.4% and a close above $46.17 would be bullish Mid Cap Watch List No comments on Mid Cap stocks today Small Cap Watch List EBIX - Revisited our second entry yesterday and is bouncing today. TILE - Stock is up almost $1 from our re-entry point. A close above $25.31 would be bullish. Could use more volume. MMSI - Stock has formed a negative divergence so we are raising our stop to a close below $21.50 to protect profits. No comments on small cap stocks today 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