EB Watch List Update Report

Dear Members: MARKET NOTE: We're in one of those periods where no one wants to buy and no one wants to sell. As a result the Dow and S&P are flat while the NASDAQ is lagging. What's frustrating to the bulls is all of the major indexes remain above all key technical levels and the VIX, now back in the 9's, shows no fear. Yet the market remains stuck in the mud. Maybe traders are being cautious during what is typically an historically weak period of the year. Or perhaps they are waiting to see if the looming Health Care bill passes in the Senate. Whatever the case it remains very challenging for either the bulls or the bears to make big scores here, keeping many traders on the sidelines. The S&P got within a point or two of its 20 day moving average this morning before bouncing. Makes perfect sense at the moment. But it also remains well below its recent all time high of 2454, a level that must be cleared in order to generate new excitement. Boring as it seems this is one of those times that it makes most sense to "wait and see" what develops. A close below the 20 day on the S&P, now at 2430, or a move above that 2454 level would at least give traders something to work with. KEY EARNINGS REPORTS Companies reporting earnings today (June 27) include: DRI and KBY Companies reporting earnings Monday (June 28 ) include: FUL, GIS, MON, PAYX, PIR and WOR ADDITIONS TO WATCH LISTS: Will keep you posted on any new additions to the Watch List. Much rather continue to let the market come to us rather than chase it right now. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List None at this time Mid Cap Watch List None at this time Small Cap Watch List None at this time DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats