EB Watch List Update Report

MARKET NOTE: Dear Members: The selling out of the chute has cooled some with stocks off their session lows. The extremely loved NASDAQ hit another record high today before traders decided to take some well earned profits off the table. The VIX has perked up after dipping back into the 9's but still remains below all key technical levels, favoring the bulls. Traders continue to buy on the dips and as long as that keeps up the market should be fine, but if that changes, we could see additional selling. Right now the bulls are looking to hold 2400 on any selling with 2395, the 20 day moving average, the first line of technical support. To the upside, 2418, the recent all time high, is the new target. So we've got a narrow trading range here with the S&P sitting right in the middle, but above all key technical levels. So for the moment the bulls remain in charge. KEY EARNINGS REPORTS Companies reporting earnings today (May 31) include: ADI, HPE, KORS, PANW and SMTC Companies reporting earnings tomorrow (June 1) include: AVGO, CIEN, DG, DCI, FIVE, LULU, RH, TECD and VMW ADDITIONS TO WATCH LISTS: We added FOE to the Watch List this morning with more details below BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List TWTR - Stock continues to consolidate above its 20 day moving average. As long as it continues to hold above the 20 day, now at 17.99, it should be OK. TER - Stock is up slightly and a close above $35.78 would be very bullish. Mid Cap Watch List None at this time FOE - We added this stock this morning at an entry price of $16.72 with a price target of $17.85 and a stop loss of any CLOSE below its 50 day moving average, currently at $16.33. BLMN - Stock is down slightly and needs to get back above its 50 day moving average, currently at 20.20, to get back on track. DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats