EB Watch List Update Report

MARKET NOTE: Dear Members: Something is catching my attention this morning; the VIX. Just yesterday it looked like it was prepping to break out big time. Instead, traders took a deep breath and today the VIX is back below both its 200 and 20 day moving averages with the 50 day within easy striking range. This is happening as we near month end and into the month of April that is favorable for stocks. In addition, all of the major indexes have held their respective 50 day moving averages with the NASDAQ now back above all key technical levels. In addition, the Dow has been down 8 straight sessions leading into today; a bit much. How about consumer confidence this morning? It hit 125 versus an expected reading of 113. That's quite a beat and reminds traders that things might be picking up even more than they think. The absolute key here is this; can the bulls move the S&P back above its 50 day moving average, now at 2357. I think they are going to give it a decent shot. If they are successful then the worst of the recent selling could be over as the bulls would regain the technical advantage. But as usual things can change quickly so today's close will be important. In any event the bulls know they must hold the 50 day, now at 2333, or face even further selling. KEY EARNINGS REPORTS Companies reporting earnings today (March 28) include: CCL, DRI, PlAY and MKc Companies reporting earnings tomorrow (March 29) include: LULU and PAYX ADDITIONS TO WATCH LISTS: We added SRCL to our Watch List today. Additional information can be found below. Please note we have added over 70 stocks to the Candidate Tracker that are now available for your review. Some of these stocks could become trading candidates that get added to our Watch List and we will keep members posted. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List ARNC - Stock is up over 1% and needs to get back above its 20 day moving average, now at $27.12, to get back on track. SRCL - This stock was added to the Watch List this morning at an entry price of $80.81 with a target of $84.50 and a stop of any close below its 50 day moving average, currently at $80.59. XL - Stock is back above all key technical levels and a close back above $40.23 would be bullish. Mid Cap Watch List APO - Stock is up nicely after testing and holding its 20 day moving average yesterday and a close above $23.71 would be very bullish. Small Cap Watch List CBM - Stock is up by over 1% and a close back above its 20 day moving average, now at $51.58 would be bullish. DELETIONS FROM OUR WATCH LISTS: None at this time unless a stop loss is hit. At your service, John Hopkins EarningsBeats