EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday: None Tuesday: JPM, TECD, LLTC, WFC ADDITIONS TO WATCH LISTS: There are no additions at this time. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: HAR - Strong stock, but overbought conditions and weak market kicking in. LEN - Back to test its rising 20 day EMA and price support. MCHP - Long tail to the top today could suggest a bit more weakness ahead. 20 day EMA should provide nice support. ROC - Giving up yesterday's gains on relatively light volume. SPLK - Down, but 73.50 price support and the rising 20 day EMA should help to fend off the bears. TIF - Been warning about that 50 day SMA test. 50 day SMA and the top of gap support near 85.50 represent best re-entry levels. WSM - Final entry at 55.75 only a buck away. Mid Cap Watch List: ASNA - Warned and gapped lower at the opening bell. 19.40 is VERY significant price support. A close below that level and I'd be out. CRR - Quickly heading for price support and our Final Entry at 108.00. LOCK - Huge reversal today on big volume. I'd expect a test of the rising 20 day EMA after a candle like today. NUVA - More profit taking has NUVA back down near price support just below 34.00. Small Cap Watch List: ELY - Lower end of recent 8.25-8.65 range being tested today on light volume. NTRI - Trading a few pennies below 15.75 Closing Stop. If it closes beneath 15.75, we'll remove it. TASR - False breakout and failure to hold 18.00 price support likely to result in upcoming test of rising 20 day EMA. DELETIONS FROM OUR WATCH LISTS: No deletions from our Watch Lists, unless Closing Stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com