EB Watch List Update Report

Dear Members: First, please note that Tom Bowley will be posting his January historical performance article on his blog that will be available exclusively to EarningsBeats.com members prior to the start of the new year. Must reading! MARKET NOTE: The year continues to wind down and today shows some profit taking, so far keeping the major indexes from adding on to yesterday's gains. Not helping today? Oil, which showed a large inventory build, just what the market was hoping would not happen. It's not like the market is cratering here, but it certainly has stalled, not what the bulls were hoping for after yesterday's positive action. So now the question becomes, do traders simply bail out and revisit stocks next year, or do we get one final burst into tomorrow's close? One plus so far; all of the major indexes remain above all key technical levels. But that could change quickly if traders decide to go the bail out route. The S&P will need to hold 2166 on any further selling and it certainly would be bullish if it managed to clear yesterday's high of 2081. KEY EARNINGS REPORTS Companies reporting earnings today (December 30) include: There are no key earnings reports due out today Companies reporting earnings tomorrow (December 31) include: There are no key earnings reports due out on Thursday ADDITIONS TO WATCH LISTS: We'll continue hold off on new additions for now with the year nearing an end and a brand new earnings season just a few weeks away. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List BSX - Stock is flat for the day with $19 remaining as our target. FB - Stock is down slightly up over 1.3% flat and a close above $107.77 would be bullish. Mid Cap Watch List COLM - Please note that we removed this stock from our Watch yesterday a nice winner! MPWR - Stock is up slightly and looks technically strong relative to the overall market. SBGI - Stock is higher today as it battles to remain above all key technical levels. Needs to close back above $32.65 to regain the technical advantage. Small Cap Watch List AMKR - Stock is flat for the day and our target remains $6.98. CALD - Stock is up flat for the session slightly and needs to close back above $19.30 to regain some technical advantage. 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