EB Watch List Update Report

Dear Members: MARKET NOTE: The buyers strike continues today though each day of selling puts us one day closer to some type of bottom. Presently we're testing the September 4 low of 1911 and are not that far from the September low of 1903. Something worth considering here: At this moment the S&P is less than 2.5% from the August 24 low of 1867. Yet the VIX is at 24 compared to being over 50 on the big swoosh lower we saw on August 24. So while traders remain concerned it is nowhere near the level of worry one month ago today. Something else worth noting are government bond yields which have really fallen. For example, the yield on the ten year treasury bond is at 2.09% and is below all key technical levels. You have to go back to that August 24 date to see the yield this low. All of this leading traders to being more comfortable laying low than anything else. KEY EARNINGS REPORTS Companies reporting earnings today (September 24) include: ACN, BBBY, JBL, NKE Companies reporting earnings tomorrow (September 25) include: BB.TO ADDITIONS TO WATCH LISTS: Let's ride this out today and hold off on new positions The good news? Stocks are getting cheaper! BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List There are no large cap stocks on the Watch List at this time Mid Cap Watch List NUVA - Stock continues to hold up relative to the overall market. Small Cap Watch List RUBI - Flat in a down market is not so bad and a close above $15.33 would be bullish. DVAX - Stock remains challenging and we will leave our closing stop of $28.31 in place and if it closes below this level it will be removed from our Watch List. 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