EB Watch List Update Report

Dear Members: MARKET UPDATE The bulls have woken up today with all of the major indexes higher and the Dow hitting a record high. Part of the reason for the move higher could have something to do with Fed Chairwoman Janet Yellen sending a more dovish signal on interest rates which got the attention of the market. Where traders were showing a great deal of nervousness just a few days ago that is no longer the case today with the VIX down almost 6% and back below all key technical levels. Additionally, all of the major indexes are now solidly back above all key technical levels, a bullish signal as well. This is also coming ahead of Q2 earnings season that will kick off on Friday with both JP Morgan and Wells Fargo reporting their numbers. The S&P still remains below its all time high of 2453 but is closer to it today than it was a few days back when it tested and held its 50 day moving average. The NASDAQ continues to lag and remains almost 100 points below its all time high. But it too has made a nice turn since the most recent bottom. Just about everything we're seeing today is bullish. The question is, can the NASDAQ and S&P "catch up" to the Dow with the market getting in sync? Perhaps, but we could see the S&P run into resistance up near that 2453. But the bulls look like they want to give it a shot KEY EARNINGS REPORTS Companies reporting earnings today (July 12) include: FAST Companies reporting earnings tomorrow (July 13) include: DAL- Prior to market open ADDITIONS TO WATCH LISTS: Will let members know if spot any high reward to risk trading candidates. 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 TGI - Stock is higher again today. It got as high as $33.05 before pulling back a bit. A close above that $33.05 level would put the stock one step closer to reaching our price target of $33.85. PLAY - Stock is higher by 1.5% as it tests its 20 day 50 day moving averages from below. A close back above the 50 day, currently at $67.03, would be very bullish. DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats