EB Watch List Update Report

Dear Members: MARKET NOTE: The market has resumed its move higher today with all of the major indexes getting a boost. The NASDAQ has climbed back over 5100 while the S&P is looking to revisit 2100, an important level of resistance that the bulls are hoping to clear. Helping to lift the spirits of the market is Nike with this large cap stock up over 5% on unexpected news of a dividend increase and a stock split. And some other retail stocks are climbing as well after getting pounded lately. This move higher is coming as the market moves into a very bullish time of the year. And, the VIX is now back below all key technical levels, favoring the bulls. So traders are beginning to believe the rally of late has staying power and a close above that 2100 level on the S&P would certainly be bullish. KEY EARNINGS REPORTS Companies reporting earnings today (November 20) include: ANF and FL Companies reporting earnings Monday (November 23) include: BRCD and TSN ADDITIONS TO WATCH LISTS: First, please note that we have added over 30 new stocks to our Candidate Tracker. Yesterday we added BSX and WYN to our Watch list and all important information has been added under the Watch List section on our site. We are adding a new small cap stock to our Watch List: InvenSense (INVN) with first entry at the current price (as of this email) of $11.07 with a second entry at $10.65 on a pullback and a target of $12.60 with a closing stop of $10.50. All important information will be added to our site later today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List BSX - Stock is up 1.5% and is now back above all key technical levels. A close above $18.01 would be bullish. NKE - Stock is up almost 6% on strong volume on positive news. A close above $133.21 would be extremely bullish. FLEX - Stock is challenging its 20 day moving average and a close above $11.27 would be bullish. Mid Cap Watch List EEFT - Stock is trying to clear its 20 day moving average and a close above $78.42 would be bullish WYN - Stock is flat and a close above $77.38 would be bullish. Small Cap Watch List SWHC - Stock is up 2% and a close above above $17.85 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