EB Watch List Update Report

MARKET NOTE: Dear Members: Another record high on the NASDAQ with the S&P joining the party as well and with the Dow continuing to be the laggard. The ADP jobs report came out this morning, stronger than expected, and one day before the monthly non-farm payroll numbers are released. This seems to have buoyed traders' hopes for a recovering economy. The VIX remains bullish and traders remain in a buying mood. The bulls have been looking to clear that 2418 level to see where the S&P might go. Clearing that level might get even more traders getting more aggressive on the long side. The jobs report tomorrow does have the potential to move the market, either way. Barring a major miss it could give the bulls even more ammunition to work with. Now that the S&P has hit a record high, what might be next? My guess is 2425 to start with and if traders remain bullish perhaps even higher. Hard to say for sure but without question the bulls remain in charge. KEY EARNINGS REPORTS Companies reporting earnings today (June 1) include: AVGO, CIEN, DG, DCI, FIVE, LULU, RH, TECD and VMW Companies reporting earnings tomorrow (June 2) include: There are no key earnings reports due out tomorrow ADDITIONS TO WATCH LISTS: Will keep you posted on any new trading alerts BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List TWTR - Stock is higher by 1% and a close above $18.51 would be bullish. TER - Stock is down slightly but above all key technical levels andy and a close above $35.78 would be very bullish. Mid Cap Watch List None at this time FOE - Stock is higher by 1.5% and a close above the 20 day moving average, currently at $17.11, would be bullish. BLMN - Stock is up slightly and still needs to get back above its 50 day moving average, currently at 20.23, to get back on track. DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats