EB Watch List Update Report

Dear Members: MARKET NOTE: It's Monday morning and all of the major indexes are higher. No big developments over the weekend that seem to be influencing trading which is just fine for the bulls. The Dow continues to lag with both the NASDAQ and S&P continuing to struggle to make progress. In fact on the NASDAQ the 20 and 50 day moving averages are exactly the same and the bulls don't really want to see the 20 day close below the 50 day. This is what happened to the Dow back in mid June and you can see how much blue chips have struggled since then. The VIX is up over 3% today but still shows no sign of significant worry in spite of the market being in stall mode. If the bulls can at least hold here and then get the S&P back over 2100 they might have a shot at tacking on some gains. But it's likely to take some positive development for that to happen as traders continue to mostly proceed with caution. KEY EARNINGS REPORTS Companies reporting earnings today (August 17) include: A, EL and URBN Companies reporting earnings tomorrow (August 18) include: DKS, HD, SINA, TJX, and WMT ADDITIONS TO WATCH LISTS: Just a reminder that we added Priceline (PCLN)to our Large Cap Watch List Friday with a first entry price of $1,280.18. The chart and all important information can be found under the Watch List section of our site. Also please note that this time of the year tends to be fairly bearish so we want to be very selective as to what stocks we provide to members. Still, if we see a trading candidate that looks strong we will let you know. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: There are no Short Watch List stocks at this time. Large Cap Watch List PCLN - Our latest addition is higher today as it reversed nicely at its 20 day moving average STJ - Finally a decent day with the stock showing signs of reversing to the upside. A close back above the 20 day moving average, now at $72.82, would be bullish. LEN - Nice move today with the stock up over 1.75% as home builders remain strong. A close above $53.73 would be very bullish. C - The reversal from the other day was powerful. If the stock can clear its 20 day moving average, now at $57.80, it would be bullish. Mid Cap Watch List NUVA - Stock reversed off of its 20 day moving average and a close above $53.89 would be bullish Small Cap Watch List RUBI - Stock continues to consolidate in a narrow trading range KFY - Stock is up over 1.75% today as it nears its all time high close of $35.98. A close above that level would be very bullish. DELETIONS FROM OUR WATCH LISTS: There are no deletions from the Watch List today unless a Watch List stock closes below the stop loss provided. At your service, John Hopkins, EarningsBeats