EB Watch List Update Report

Dear Members: MARKET NOTE: The market is taking a breather today with all of the major indexes lower. Now that traders have had time to absorb Friday's jobs report they've decided to take some profits as they assess what the stronger than expected numbers might mean for stocks. On the one hand, the strong results boosts the argument that the economy is improving. On the other hand, the odds for a December Fed rate increase have increased. So traders are trying to figure out how the two might fit together and as usual, the uncertainty has the market in caution mode. Now that the S&P is back below 2100 the next key level of support is near 2063. To the upside the bulls know they need to get the S&P back over 2100 if they hope to advance the market further. So right now the S&P is pretty much in the middle of these two important levels with traders unwilling so far to bet aggressively that the worst of the selling is over. KEY EARNINGS REPORTS Companies reporting earnings today (November 9) include: HTZ and HHC Companies reporting earnings tomorrow (November 10) include: TRCO and W ADDITIONS TO WATCH LISTS: We decided a few days ago to hold off adding any new stocks to the Watch List when the market was stretched. It makes sense to hold off again today to see where things settle by day's end and then re-examine tomorrow. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List FLEX - Stock continues to hole up well relative to the overall market. is flat and a close above 11.77 would be bullish. Mid Cap Watch List There are no mid cap stocks on the Watch List at this time Small Cap Watch List PLAY - Stock is down slightly and a close above $40.05 would be bullish. SWHC - Stock is down 2% today and a close above $18.17 would be bullish. VRA - Stock is struggling along with other retail stocks and needs to close above $12 or 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