EB Watch List Update Report

Dear Members: MARKET NOTE: The market is under a bit of pressure today with all of the major indexes lower. The consolidation that began on the S&P back in July continues. In fact the S&P is at the same level today as it was on July 12. That's almost 3 months of being stuck. The S&P has had support in the 2150 range where it seems to recover on selling. The question is, can this continue, or will we see more selling pressure soon? The VIX is up 5% as fear has picked up some. It's nowhere near the high levels seen in early September but it's well above the lower levels we saw during the summer. Some of today's nervousness could be in anticipation of tomorrow's monthly non farm payroll report as the results could sway the Fed as they contemplate raising rates. In fact the yield on the ten year treasury note is testing its 200 day moving average for the first time since the beginning of the year and a close above 1.755 could take rates even higher, leading to further speculation that the Fed is readying to raise rates. Oil continues to be strong and gold very weak. So some fairly new developments that could ultimately impact equities. For the moment the trading range on the S&P remains the same; 2120 to the downside and 2193 to the upside. We might have a better feel for where the market is heading once the jobs numbers are released tomorrow morning at 8:30 am eastern. KEY EARNINGS REPORTS Companies reporting earnings today (October 6) include: ISCA Companies reporting earnings tomorrow (October 7) include: There are no key earnings reports due out today ADDITIONS TO WATCH LISTS: Will let you know via email of any new alerts 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 Caps stocks on the Watch List at this time Mid Cap Watch List There are no Mid Cap stocks on the Watch List at this time. Small Cap Watch List DV - Stock is fairly flat. Would like to see it at least close above yesterday's close of $23.31 and even better would be a close above $23.50. DELETIONS FROM OUR WATCH LISTS: None at this time. At your service, John Hopkins EarningsBeats