EB Watch List Update Report

Dear Members: MARKET NOTE: A combination of monetary policy by the ECB as well as a likely change in policy by the US Fed has traders on high alert this morning with all of the major indexes lower. Toss in the monthly jobs report and a key OPEC meeting tomorrow and traders have quickly gotten more defensive. The selling this morning took the NASDAQ right back to 5100 while the S&P got within 3 points of its 200 day moving average, a level the bulls need to hold. And though not necessarily directly responsible for yesterday's or today's selling the market is understandably distressed by yesterday's developments in San Bernardino. From purely a technical perspective that 2065 level on the S&P is important since closing below that level would give the bears the technical advantage. And to the upside we continue to see how tough it has been for the bulls to clear 2100. So that is our range at the moment; 2065 to the downside and 2100 to the upside. KEY EARNINGS REPORTS Companies reporting earnings today (December 3) include: AMBA, BKS, DG, EXPR, FIVE, KR, MIK, OVTI, SHLD and TTC Companies reporting earnings tomorrow (December 4) include: There are no key earnings reports due out on Friday ADDITIONS TO WATCH LISTS: 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 the next key level of resistance will be near $18.90. FLEX - Stock is up slightly and a close above 11.53 would be very bullish. JNPR - Stock is down slightly as it hugs its 20 day moving average. Mid Cap Watch List EEFT - Stock is down 1% so far and is nearing our second entry level of $74.25. WYN - Stock is up slightly and a close back above $77.08 would be bullish. Small Cap Watch List IMPV - Stock is down over 1% today as the stock bounced nicely off of its 20 day moving average earlier in the session. INVN - Stock remains solid and a close above $12.30 would be bullish. SWHC - Stock is up 2% as it bucks the market trend today and a close above $18.65 would be very 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. At your service, John Hopkins, EarningsBeats