EB Watch List Update Report

Dear Members: MARKET UPDATE It's been quite a 24 hours with escalating threats and tensions between the US and North Korea. The renewed tension certainly has the attention of the market with all of the major indexes lower. One could argue that it could be much worse; right now all of the major indexes are back above their respective 20 day moving averages. The VIX is well off its high of the session as nerves seem to have calmed some. Traders certainly aren't bailing in droves, at least not yet. Sometimes one has to wonder what it is going to take to get the market to simply give in; perhaps we'll find out in the near future. Even though the market is so far holding up reasonably well it should be pointed out that bond yields have fallen sharply and gold has perked up. So we are seeing traders moving towards safety. I will be looking for two things by days end. First, can the S&P hold its 20 day near 2467 and can the NASDAQ remain above its 20 day at 6341 as that might indicate that the bulls are not quite ready to roll over. However, any acceleration in selling into the close could indicate we could be in store for even more selling. KEY EARNINGS REPORTS Companies reporting earnings today (August 9) include: Before Market Opens: AVT, SNI, SINA, STWD, TRCO and WW After Market Closes: AGU, AMBC, KODK, MFC, NTES, ODP, RGLD, SLF, SYNC, FOX and WEN Companies reporting earnings tomorrow (August 10) include: Before Market Opens:M, APRN, KSS and Y After Market Closes: NWSA, JWN, NVDA and SNAP ADDITIONS TO WATCH LISTS: Please note we will be adding almost 90 stocks to the Candidate Tracker in the next day or two BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: SHORTS: None at this time LONGS: Large Cap Watch List GE - Stock is holding up fairly well given the overall market environment today and a close above $25.79 would be bullish. MSFT - Stock is down slightly and currently back below its 20 day moving average. A close above $73.04 would be bullish and put us a step closer to our price target of $73.40. ECA - Stock is down 2%. PLEASE NOTE we are changing the stop loss to any CLOSE below its 20 day moving average, currently at 9.70. Mid Cap Watch List None at this time Small Cap Watch List DELETIONS FROM THE WATCH LIST None at this time At your service, John Hopkins EarningsBeats