EB Watch List Update Report

Dear Members: MARKET NOTE: The market is trying to take a stand after last week's drubbing. So far it's been a challenge though all of the major indexes are higher. It would probably come as no surprise that oil is lower today; what's new? And this constant weakness in oil seems to have traders wondering exactly how low it might go and how might that impact the overall market? The heavy selling on Friday is partly being attributed to Quad Witching options expiration, and there could be truth to that. But Quad Witching is over and traders remain reluctant to get overly aggressive on the long side, irrespective of the fact that we are now in the most bullish historical period of the year. In fact, we entered the new trading day and week with all of the major indexes below all key technical levels, and so far, that has not changed. And that won't change unless the bulls are able to get the S&P back above 2050, a tall order at the moment. To the downside, the S&P got as low as 1993 on Friday so this is a level to watch in case selling picks up later. In the meantime, this is a time that calls for caution until we see if the worst of the selling is over. KEY EARNINGS REPORTS Companies reporting earnings today (December 21) include: SCS Companies reporting earnings Tuesday (December 22) include: CAG, MU, NKE and PAYX ADDITIONS TO WATCH LISTS: No new additions today; too risky at this exact moment in time. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List BSX - Stock is flat and and a close back above $18.35 would put it in better technical shape. FB - Stock is flat and so far is holding its 50 day moving average. A close below $103.73 could take the stock lower. Our second entry is at $102 on a pullback. JNPR - This stock is down sharply today on news of a hack of it's software. This unforeseen incident has the stock down over 4% and threatening to close below our stop of $28.40. Mid Cap Watch List COLM - Stock made a nice recovery last week and a close above $46.41 would be bullish. EEFT - Stock closed below our stop loss level of $71.50 so has been removed from the Watch List. SBGI - Stock is up 1.3% and trying to climb back above its 50 day moving average. Small Cap Watch List AMKR - Stock is up 2.5% and a close back above $6.37 would be very bullish. DELETIONS FROM OUR WATCH LISTS: EEFT is being removed from the Watch List as it closed below its stop level. There are no other deletions from the Watch List today unless a Watch List stock closes below the stop loss provided. At your service, John Hopkins, EarningsBeats