EB Watch List Update Report

Dear Members: MARKET NOTE: Santa Claus apparently arrived starting yesterday and continuing into today. The move higher has put all of the major indexes in better technical shape with the NASDAQ now above all key technical levels. And the small cap Russell 2000 is challenging its 20 day moving average for the first time in two weeks. What else is positive today? Oil! Yes, a much greater draw down in inventories has WTI crude up over 4%, nice relief for the market. The S&P is now only 6 points from recapturing both its 50 and 200 day moving averages. So a close above 2063 would have to be considered very bullish. And if traders decide to pocket some profits later we'll want to see if the S&P can hold 2050 which would also be bullish. In the meantime, this is the last full day of trading for the week with tomorrow being half a day. So volume is likely to thin out. Nonetheless we are certainly seeing the market perking up, just in time. KEY EARNINGS REPORTS Companies reporting earnings today (December 23) include: CALM Companies reporting earnings Thursday (December 24) include: No reports of significance on Thursday ADDITIONS TO WATCH LISTS: We added CALD to the small cap Watch List yesterday and all of the important details are being added to the site. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List BSX - Stock is up over 1% after bouncing nicely off of its 50 day two days ago. Target remains $19. FB - Stock is not participating in today's rally as it continues to consolidate. A close above $106.79 would be bullish. Mid Cap Watch List COLM - Stock challenged its 20 day moving average earlier in the session and a close above $46.30 would be bullish. MPWR - Stock is up slightly as it challenged its 20 day moving average earlier in the session. A close above $64.57 would be very bullish. SBGI - Stock is up almost 1% today and needs to clear $32.37 to gain some technical advantage. Small Cap Watch List AMKR - Stock is up over 1.5% today. Target remains $6.98. CALD - Stock is up slightly today with the next key level of resistance just above $19.80. DELETIONS FROM OUR WATCH LISTS: here 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