EB Watch List Update Report

Dear Members: MARKET NOTE: Day before last 1998 on the S&P was noted as key resistance level. Got exactly to that level. Yesterday 1940-1950 was identified as support. The S&P got as low as 1937 today and is now hovering around 1950. So you can see the range we're working with now. The question becomes, will one of these go prior to the Fed's rate decision next Wednesday? I continue to believe the Fed will stand pat though bond yields are up some today with the yield on the ten year now at 2.22%. So likely will be some hedging going on between now and then, "just in case." I'm also imaging that volatility will remain on the higher end between now and the rate decision. At the moment the VIX is hanging in the 25 range. So it shows that traders remain on high alert, and with good reason. So we need to continue to gut this out while trying to minimize any losses. Hopefully we'll have a better picture of where the market is headed by the middle of next week. KEY EARNINGS REPORTS Companies reporting earnings today (September 10) include: There are no key earnings reports due out today Companies reporting earnings tomorrow (September 11) include: KR ADDITIONS TO WATCH LISTS: No additions today BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List AMZN - Stock remains strong relative to the market and recovers any time the market perks up. A close above $535 would be bullish. LEN - Stock continues to hover near key technical levels. Like to see it close back above $51.84. Mid Cap Watch List NUVA - Stock is back over all key moving averages and a close above $53.75 would be bullish. Small Cap Watch List RUBI - Stock needs to close back above $14.85 to have a chance of making further progress to the upside. 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