EB Watch List Update Report

Dear Members: MARKET NOTE: Now that the Fed and Q1 GDP is out of the way traders are free to buy/sell without worrying about the market reaction. That has already happened. Throw in the Bank of Japan holding rates in place - no further stimulus - and the big news for the week is now over. Of course we've still got earnings taking front and center. Like Facebook, for example, with the stock up a nifty 9%+. And for a change today the NASDAQ is higher while the Dow is lower and the S&P is up slightly. And through the recent pullback in the tech sector the NASDAQ managed to hold its 200 day moving average and is now trying to climb back above its 20 day which is at 4884. In the meantime, both the Dow and S&P remain well above all key technical levels. This must please the bulls who are trying to convince enough traders to go long to take the S&P back above 2100. The question is, have earnings been strong enough to warrant such a move? There's no certain answer but we're only a few points from the 2100 level and really not that far from the all time high of 2132. So this has to be seen as bullish even though the market remains off of recent highs. KEY EARNINGS REPORTS Companies reporting earnings today (April 28) include: AET, ALXN, ALGN, MO, AMZN, AMGN, AVT, BIDU, BLL, BWA, BMY, BC, CAH, CELG, CHTR, LNG, CHDN, CIT, CME, CCE, CL, COLM, COP, CUBE, CY, DLX, DP, DOW, DNKN, EXPE, FLEX, F, GILD, GRPN, HUN, IRM, JNPR, LNKD, MMC, MA, MJN, N, NUS, OSK, P, PF, PFG, RTN, RGC, SWKS, SYNA, TASR, TWC, TRMB, UPS, UTHR, VRSN, VIAB, VC and WDC. Companies reporting earnings tomorrow (April 29) include: AC.TO, AMC, AMT, BAS.DE, CPN, CBOE, CVX, CTB, ETN, XOM, HST, KBR, LM, MNST, MCO, NWL, PSX, RCL, STX and TYC. ADDITIONS TO WATCH LISTS: Going to hold off adding any stocks to the Watch List today. Let's see if the S&P can move back above 2100 and re-examine later. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: There are no shorts on the Watch List at this time LONGS: Large Cap Watch List There are no Large Cap stocks on the Watch List at this time. Mid Cap Watch List TRCO - Stock continues to consolidate and has not yet made the move we hoped it would. I will note that the 50 day moving average is trying to move back above the 200 day and if successful that would be bullish. Small Cap Watch List MRTN - Stock has cooled a bit today after a nice move higher yesterday. This stock was added yesterday and has been trying to tack on some gains since. A close above $19.31 would be very bullish. SSYS - This stock has pulled back today after nice move higher past few sessions. Would like to see it close back above yesterday's high of $27.13. DELETIONS FROM OUR WATCH LISTS: There are no deletions from the Watch List today unless a Watch List stock closes below or above the stop loss provided. At your service, John Hopkins, EarningsBeats