EB Watch List Update Report

MARKET NOTE: Dear Members: I've been focusing on the VIX the past few sessions as it's showing renewed trader confidence. The same can be said today. Accordingly all of the major indexes are higher with all of them back above all key technical levels. As has been the trend lately, tech stocks are showing the most strength while blue chips are lagging. Part of what we might be seeing could have to do with quarterly window dressing as March nears an end. So it's going to be very interesting to see if there is any follow through on this buying or if traders will use this recent boost to take profits. In looking at a chart, the S&P looks like it could take a shot at 2380 if traders remain in a buying mood. If it gets there it could run into some stiff resistance. To the downside 2358 - the 20 day moving average and low of the session - is now support. So we've got a pretty tight trading range as we move into quarter end. While I'm pleased to see the S&P recapturing its 20 day I'm still not entirely convinced the selling is over. So for the moment going to just watch and see what the rest of the day and tomorrow brings. KEY EARNINGS REPORTS Companies reporting earnings today (March 30) include: There are no key earnings reports due out today Companies reporting earnings tomorrow (March 31) include: There are no key earnings reports due out tomorrow ADDITIONS TO WATCH LISTS: None at this time BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List ARNC - Stock has recovered some after a rough day yesterday but it did hold our stop by day's end. We're going to keep our stop in of any close below $26.07. SRCL - Stock continues to rest right on its 50 day, now at $80.58. Either it holds here or it doesn't. Remember that any close below its 50 day moving average and the stock will be removed from the Watch List. XL - Stock remains above all key technical levels and a close back above $40.90 would be very bullish. Mid Cap Watch List APO - Stock is challenging its most recent high this morning and a close above $23.71 would be very bullish. Small Cap Watch List CBM - Stock is fairly flat and a close back above its 50 day moving average, now at $52.91 would be bery bullish. DELETIONS FROM OUR WATCH LISTS: None at this time unless a stop loss is hit. At your service, John Hopkins EarningsBeats