EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Friday: CTB Monday: None These are just a few of the companies reporting today and Monday. Please check earnings dates for any stocks you own. ADDITIONS TO WATCH LISTS: There are no additions to the Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: GOOG - Weak today and testing the breakout above 1063 from just over a week ago. M - Hovering above its rising 20 day EMA. MCK - Continuing to unwind that long-term negative divergence. MCHP - Triggered our Second Entry at 41.50. NKE - Negative divergence finally played out here. With MACD near centerline support and RSI near 40 support, not a bad area for entry. NSC - Nice bounce off rising 20 day EMA test. VMC - Nice gap up today, a close above 57.75-58.00 area is what the stock needs. Mid Cap Watch List: FDML - Nice bounce off the 50 day SMA. FOE - Trying to hold its rising 50 day SMA after recently printing a long-term negative divergence. The daily MACD has been reset. FINL - Nice reversing candle on the 50 day SMA. GNTX - Broke out yesterday on confirming volume and extending that move today. Bullish. LOCK - Tested its rising 50 day SMA today for the first time in six weeks. OPEN - Triggered Second Entry at 75.50. TTEK - Light volume as it pulls back to test both price support and trendline support. Small Cap Watch List: ELY - Bouncing nicely today after triggering final entry on Thursday. TASR - We will honor our fairly tight closing stop on TASR at 15.50. Volume is heavy today. It's likely either the start of additional selling or the reversal we need in the 15.75-16.25 range. DELETIONS FROM OUR WATCH LISTS: There are no deletions today, other than those that may occur naturally due to closing stop violations. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com