EB Watch List Update Report

MARKET NOTE: Dear Members: A bit early today as I will be tied up later in the day. The Fed spoke yesterday with the market showing some weakness today. The VIX is up by 11%, showing traders are back to showing some nervousness. The NASDAQ has revisited the low from the other day while the S&P has moved below its 20 day moving average of 2420. That's an important level for the bulls to hold as right now they have the full technical advantage and that could change. In what has become the "new" market order blue chips are showing the most strength while tech stocks are more out of favor. In looking at a chart of the NASDAQ it could easily visit its 50 day moving average, currently at 6078. It is does get there that should provide decent support, especially if the NASDAQ is technically oversold by that time. And if the S&P remains below its 20 day it looks like it could move down to the 2400 level. With the increased volatility and the S&P barely holding on to near term support its best to lay low here and see what things look like later today and into tomorrow. KEY EARNINGS REPORTS Companies reporting earnings today (June 15) include: BOBE and KR Companies reporting earnings tomorrow (June 16) include: There are no key earnings reports due out tomorrow 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 closed below its 50 day moving average yesterday so is being removed from the Watch List. Mid Cap Watch List None at this time Small Cap Watch List BLMN - Stock is down by 2% but still above its 50 day moving average. . CYH - Stock is fairly flat and a close above yesterday's close of $9.18 would be bullish. DELETIONS FROM THE WATCH LIST We're removing TWTR from the Watch List as it closed below its 50 day moving average. At your service, John Hopkins EarningsBeats