EB Watch List Update Report

Dear Members: MARKET NOTE: The market is up slightly today which is fine with the bulls who managed to clear the 2020 level on the S&P yesterday. Also an important technical development; the 20 day moving average on the S&P is now slightly above the 50 day, something we haven't seen since just before the August 24 flash crash, so a bullish development. We saw a similar cross on the Dow a few days back and the same thing is developing on the NASDAQ. So traders are definitely in a buying mood these days. The next key level of resistance on the S&P is near 2060, the 200 day moving average which could present a major roadblock. To the downside there should be very strong support at 1985 on any selling. KEY EARNINGS REPORTS Earnings season continues to heat up with tons of stocks set to report their numbers over the next few weeks. Companies reporting earnings today (October 16) include: CMA, GE, HON, KSU, PGR, STI,SYF and GWW Companies reporting earnings Monday (October 19) include: BRCM, BRO, CE, CCK, FLEX, HAL, HAS, IEX, IBM, LII, MTB, MS, SIX, STLD and ZION ADDITIONS TO WATCH LISTS: We expect to have some strong trading candidates over the next few weeks that will present high reward to risk opportunities. 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 There are no mid cap stocks on the Watch List at this time Small Cap Watch List VRA - A nice reversal on the stock yesterday and a close above $13.15 would be 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. I want to wish everyone a restful weekend and will be back Monday morning with my EB Watch List Update Report. At your service, John Hopkins, EarningsBeats