EB Watch List Update Report

MARKET NOTE: Dear Members: The VIX is lower again today as it tries to get back below all key technical levels and as traders calm down some after the recent selling. The NASDAQ is trying to move back above its 20 day moving average. In the meantime the Dow has hit an all time high; talk about rotation! This shift from all tech all the time to a new focus in blue chips was way overdue as the market is always better off when the major indexes are more in sync which has not been the case for a while. At the same time it's tough to give the all clear sign; are we getting an oversold bounce in the NASDAQ today that won't last or are traders going to take advantage of the move lower? The S&P isn't at an all time high like the Dow is today but it's holding up pretty well, remaining above all key technical levels. In the midst of all of the recent volatility we've got a Fed rate announcement to look forward to tomorrow. The consensus is the Fed will raise rates by 25 basis points so it is the statement that traders will listen to carefully to see if they can pick up any new clues pertaining to the future. We continue to be in a tight trading range on the S&P of 2446 to the upside and 2417 to the downside as the NASDAQ tries to find some footing. So a bit of a mixed picture at the moment. KEY EARNINGS REPORTS Companies reporting earnings today (June 13) include: HRB Companies reporting earnings tomorrow (June 14) include: JBL ADDITIONS TO WATCH LISTS: Will keep you posted. Want to continue to be very selective here. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List TWTR - Stock is trying to remain above its 50 day moving average, now at 16.89, after showing signs of life earlier in the session. The 50 day is an important level to hold so If the stock closes below that level it will be removed from the Watch List. Mid Cap Watch List None at this time Small Cap Watch List BLMN - Stock is fairly flat and a close above yesterday's close of $21.62 would be bullish. CYH - Stock is up another 2% today. A close back above the 20 day moving average, currently at $8.95, would be very bullish. DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats