EB Watch List Update Report

Dear Members: First, please note that Tom Bowley will be posting his December historical trends blog on the site later today. Always fantastic information! MARKET NOTE: Today we're seeing continuing consolidation in the market as traders get ready to close out the month of November. The NASDAQ was higher earlier in the session but has moved into negative territory along with the other major indexes. We can also see that the bulls are struggling mightily to move the S&P back above 2100. So far lately its been a brick wall. Part of today's weakness has to do with some weaker than expected economic reports and a so-so kick off to the serious side of holiday spending season. We've also got the Fed Beige book coming out later in the week, the monthly jobs report on Friday and an important OPEC meeting on Friday as well. All of this is giving traders pause to get too aggressive on the long side. At the same time, given the positive historical performance of the market between now and year end, it's also tough to get too bearish. KEY EARNINGS REPORTS Companies reporting earnings today (November 30) include: There are no key earnings reports due out today Companies reporting earnings Friday (December 1) include: There are no key earnings reports due out on Tuesday ADDITIONS TO WATCH LISTS: Just as a reminder, we added IMPV to our Small Cap Watch List on Friday and all of the important information is on the site. We are going to hold off adding any stocks to the Watch List today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List BSX - Stock is flat and a close over $18.40 could take the stock higher. FLEX - This stock continues to hang around its 20 day moving average at $11.25 so it needs to close above that level to make further progress to the upside. Mid Cap Watch List EEFT - Stock is lower today and a close above $78.26 would be bullish. WYN - Stock is fairly flat today. It will need to close back above $76.66 to regain some technical strength. Small Cap Watch List IMPV - Stock is down 1.8% today on light volume and remains technically solid. INVN - Stock is flat and a close above $11.57 would be bullish. SWHC - Stock is down slightly but looks good technically and a close above $18.65 would be bullish. DELETIONS FROM OUR WATCH LISTS: As a reminder, we removed NKE from our Large Cap Watch List a nice winner on Friday. 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