EB Watch List Update Report

MARKET NOTE: Dear Members: Here's something interesting today. The VIX has perked up some, higher by over 4% and currently is back above both its 20 and 50 day moving averages. So all of the sudden traders are showing a bit of nervousness. We aren't seeing any major selling; only the Dow is lower right now. But traders now are back to having one finger on the sell button as we get ready to close out the month. The overall theme remains the same; traders love tech stocks and aren't showing much love for blue chips. This leaves the S&P somewhere in between though it is above all key technical levels; just can't really get going today. We'll be in the month of April when the market opens on Monday. April is generally a favorable month for the bulls. We're also now only a few weeks from Q1 earnings season and when everything is said and done that's what matters to investors most; the bottom line. We've got a very narrow trading range on the S&P at the moment; 2380 to the upside and 2359 to the downside. That's not much room to work with. Best at the moment to let the day play out and see where things stand come Monday. KEY EARNINGS REPORTS Companies reporting earnings today (March 31) include: There are no key earnings reports due out today Companies reporting earnings Monday (April 3) include: There are no key earnings reports due out Monday ADDITIONS TO WATCH LISTS: None at this time; don't like the spike in the VIX. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List ARNC - This stock has not performed the way we would have like it to and is now at a critical juncture with the 20 day moving average now touching the 50 day. Generally this is a negative development. Accordingly, PLEASE NOTE: WE ARE REMOVING THIS STOCK FROM OUR WATCH LIST AS OF THIS EMAIL at a price of $26.40. Perhaps we'll revisit down the road. SRCL - Stock is up over 1.3% as it has moved off of its 200 day moving average and is currently above its 20 day, a positive development. Would like to see the stock hold its gain into the close and at a minimum remain above the 20 day, currently at $81.87. XL - This stock has been consolidating at its 20 day moving average for most of the month. This tells me it could be getting ready to make a big move. As long as it remains above its 20 day, now at $40.07 it should be OK. Mid Cap Watch List APO - Stock is up another 1% today and our target remains $25.68. Small Cap Watch List CBM - Stock hit our price target this morning of $53.75 and continues moving higher so is coming off the Watch List. GREAT TRADE! DELETIONS FROM OUR WATCH LISTS: CBM is being removed from the Watch List since it hit our price target. I want to wish everyone a restful weekend and I will be back Monday morning with my EB Watch List Update Report. At your service, John Hopkins EarningsBeats