Major Averages at All-Time Highs – 2 New BreakOuts

3:45 PM – All three major averages are looking to close the week at new all-time highs.

Who would have guessed – not only Trump would win, but that win would also spark such a milestone making rally? Not me.

However, I did not have to guess. I just continued to do what I have done for 15 years. Run screens, build a watch list, properly buy the breakouts.

Wash, rinse, repeat.

Speaking of…

We had two default BreakOut Alerts first thing this morning as AVGO and SWC both traded above their respective TRIGGER PRICE. As I discussed with several Personal Portfolio Members via Skype and email – I don’t consider either to be properly buyable.

AVGO was an earnings breakout, and although those can in cases be buyable, this one is not as it was quickly trading back below its TRIGGER PRICE.

Chart courtesy of stockcharts.com – Click chart to enlarge.

The SWC gap open (+18%) breakout was on news. At the open shares were already trading above the MAX BUY PRICE of $16.81.

Chart courtesy of stockcharts.com – Click chart to enlarge.

Not say that there is no way that these stocks can not go higher, it’s just by our discipline each is not properly trigger a BUY signal.

AVGO will remain on the watch list for Monday, as any above average volume gains back above its TRIGGER PRICE of $179.52 could trigger a proper BUY.

As far as our previous breakouts making highlights today we have…

TSEM with a bit of a negative reversal today after blasting to new multi-year highs yesterday with an increase in volume. This is a bit of a concern as shares are extended from support of the 50-day which is -14% below here.

Shares of ARRS  are pulling back a bit today as volume is just above the normal rate. This is a bit of a concern for people bought the first breakout on 9/19, as the market is rallying.

Our RTEC selling off today although volume is about average. Just made some new multi-year highs yesterday. As noted – volume continues to lack conviction and shares are becoming extended as support is not until the 50-day, which is currently $18.61 or nearly -19% below here.

MXL pulling back today after sharp gains yesterday of over +4%, however volume was off as it had been during the entire advance from the 200-day moving average.

As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.

The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.

You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.

LEARN MORE HERE

 

Any questions or concerns, please email me at james@jamestaulman.com.

 


 

Major Averages Continue Higher with Another Sharp Advance

3:35 PM – The major averages continue making new all-time highs.

Again, we have no new breakouts today, and that may become “fittingly so” as it usually does.

Our previous TrendLine BreakOuts with noteworthy action today include…

TSEM which is blasting to new multi-year highs today with an increase in volume. This now completely negates the negative action 12/1.

tsem120816

Chart courtesy of stockcharts.com – Click chart to enlarge.

After some nice volume-backed gains yesterday, ARRS is a bit higher today, yet volume is lighter. Still needs to breakout to new highs. More importantly, this stock is now being added to the High-Ranked Leaders WatchList.

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Chart courtesy of stockcharts.com – Click chart to enlarge.

Our REGI is making continued above average volume gains today after yesterday’s solid breakout above what was noted resistance at the round $10 level.

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Chart courtesy of stockcharts.com – Click chart to enlarge.

Shares of WDAY have yet to recover from a gap down last Friday as the company reported a loss. Not making any progress as the market rallies. As of today this stock will no longer be covered in this series of reports.

RTN is experiencing some above average volume declines today. A test of the 50-day moving average looks likely.

New multi-year highs are being made in RTEC today, yet volume continues to lack conviction. Shares are becoming extended as support is not until the 50-day, which is currently $18.61 or nearly -19% below here. This is a concern.

There are some rather sharp gains today of over +4% in MXL, however volume is off as it has been during the entire advance from the 200-day moving average.

As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.

The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.

You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.

LEARN MORE HERE

 

Any questions or concerns, please email me at james@jamestaulman.com.

 


 

After Another Record Day Futures Steady

On Wednesday, the Dow Jones (+1.6%) and the S&P 500 (+1.3%) closed at record highs again, while the Nasdaq (+1.1%) fell just shy of such a milestone.

This morning, global stock markets are mostly higher following another the record breaking session in the U.S. yesterday.

Asian markets closed higher as Japan’s Nikkei climbed +1.5% and while Korea’s Kospi added nearly +2%.

European markets are all higher after the European Central Bank held its key rates steady but said it would taper its asset-purchase plan in April, while leaving the door open for an extension of its economic stimulus program “if necessary.”

As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.

The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.

You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.

LEARN MORE HERE

 

Any questions or concerns, please email me at james@jamestaulman.com.

 


 

Major Averages Scream Higher – Our Stocks Add to Their Gains

2:42 PM – The Dow industrials, S&P 500, and Russell 2000 all rose to new all-time highs today as the current rally continues.

We do not have any new breakouts, but who needs them when our previous breakouts keep making new highs without triggering sell signals.

Yet another reminder to follow the rules by screening for stocks daily, building a watch list, and buying the breakouts from that watch list, no matter what.

Our REGI is making another volume-backed breakout today as shares blast above what was noted resistance at the round $10 level.

regi120716

Chart courtesy of stockcharts.com – Click chart to enlarge.

Another day of above average volume gains to news highs for our NTRS.

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Chart courtesy of stockcharts.com – Click chart to enlarge.

Nice volume-backed gains can be seen in ARRS.

arrs120716

Chart courtesy of stockcharts.com – Click chart to enlarge.

CMD changed its ticker symbol from CMN Monday, then made a break to new all-time highs. Is still experiencing some rather severe volatility today. Has earnings tomorrow (Thursday) before the open.

cmd120716

Chart courtesy of stockcharts.com – Click chart to enlarge.

As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.

The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.

You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.

LEARN MORE HERE

 

Any questions or concerns, please email me at james@jamestaulman.com.

 


 

Global Markets Higher – APOG on Watch for Buy Signal

images-1The Dow Jones Industrial Average closed at another new record high on Tuesday.

This morning, U.S. stock futures are holding steady as most global markets are higher.

European markets were making strong gains in early trading.

Asian markets ended the day in positive territory.

Australia’s main index also rose +0.9% even as new data showed the economy contracted in the latest quarter, marking the first time the economy shrunk since 2011.

More importantly – we had another new breakout as APOG traded above its TRIGGER PRICE of $49.36 in afternoon trading. However, the volume was below average and did not confirm a BUY signal today. This stock is from my Trendline SetUps WatchList and should be watched closely tomorrow as any gains from here with at least a +50% increase in volume would have this stock triggering up to its MAX BUY PRICE of $51.83.

apog120716

Chart courtesy of stockcharts.com – Click chart to enlarge.

As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.

The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.

You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.

LEARN MORE HERE

 

Any questions or concerns, please email me at james@jamestaulman.com.

 


 

Futures Steady – No New Watch List Additions

Dow closed at another new all-time high yesterday.

However, no new breakouts for us.

Here is an update on our latest breakout…

PrivateBancorp, Inc. (PVTB – Nasdaq) operates as the holding company for The PrivateBank and Trust Company that provides customized business and personal financial services to middle market companies, business owners, executives, entrepreneurs, and families in the United States.

This stock was included in this morning report and was emailed to all members at 8:30 AM on the morning of 11/11.

It remained on the watch list as shares continued to build their base near all-time highs and just above the 50-day moving average.

From a technical stand-point I consider this ideal, as once the stock breaks out there is then no resistance in the way on the upside, while in the event of a pullback there is solid support offered by the 50-day moving average just below.

On Tuesday of this past week, shares traded above our noted TRIGGER PRICE of $46.80 as volume was +90% above the normal rate.

That type of bullish action is always considered a default BUY signal, and this stock then became the latest addition to the portfolio at BuyingBreakOuts.com.

SYMBOL
PROFIT
/LOSS
ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
PVTB +8.5% 11-11-16 11-29-16 $46.80

pvtb

Chart courtesy of stockcharts.com

Trading on the following day (Wednesday) was very tame as shares remained in a narrow range while volume was just above average.

On Thursday, we finally got the more explosive breakout action which we are accustomed to as this selection made single-session gains of +4.3% while volume increased by over +1000%.

The advanced continued on Friday with another volume-backed advance of an additional +3.2% with a close at a new all-time high.

As I noted in this week’s Sunday Stock Report – “This position ended the week with +7.6% profit above the $46.80 BUY PRICE and that along with the close of the week is good enough for our Day and Swing Traders.

For our intermediate and longer-term investors who may continue to hold this latest buyable breakout, the last two days of gains were clear signs of accumulation.

This would mean that a pullback is less likely while the stock’s ranks remain very high and its fundamentals are steady.

However, you should still watch for any declines in price coupled with above average volume.”

The breakout gains continued on Monday.

From here, our 1st SUPPORT is not until the 50-day moving average, which is currently at $45.83.

As regular reader know, early each market morning I diligently screen through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

I am looking for those select few that are setting up in bullish technical bases and which looked poised to breakout that day.

The buy candidates that I find are then assigned their own specific trading criteria such as a Trigger Price and Max Buy Price and then each is listed in our – Stock WatchList: Morning Update and emailed out to subscribers, before the market opens for trading.

You can now receive a free copy of my Stock WatchList: Morning Update report – a concise watch list of high EPS and RS ranked stocks right in your email inbox.

LEARN MORE HERE

 

Any questions or concerns, please email me at james@jamestaulman.com.

 


 

UPDATE: The Sunday Stock Report Portfolio

All of the stocks featured on our High Ranked Leaders Watch List match up very favorably with the proven guidelines which were developed from a famous 50-year study of the market’s biggest winners. These stocks are of highly-ranked, financially sound companies and have properly formed technical bases.

The selections hail from the current leading groups of the market. They are profitable businesses with either a new product or service, new management or are making new highs in share price as institutions and big money managers are accumulating shares. This means that they have the winning characteristics which we are all looking for. These characteristics include such chart patterns as a cup with handle, flat base, double bottom base, etc. History has shown that when such stocks are posted as set ups, they are poised for a buyable breakout.

Here are the previous breakouts from the High-Ranked Leaders WatchList which are now in the Sunday Stock Report Portfolio.

table

 


 

Market Pulls Back From All-Time Highs – Two Buyable BreakOuts

After a post-election rally with all the major averages hitting new highs, the S&P 500 and the Nasdaq pulled back this week.

However, the Dow continued to make record closes, yet ended basically where it started.

The Blue Chips made only a slight gain of +18.28 points, or +0.10% and closed at 19170.42.

Volume on the exchange increased +19%.

dow2

Charts courtesy of StockCharts.com

After closing the previous week at a new-all time high, the Nasdaq Composite index ended this week with a –2.65% net loss, or off by –143.27 points to 5255.65.

Volume on the exchange was up by +7% above the average.

nasdaq3
Charts courtesy of StockCharts.com

The S&P 500 lost -21.40 points or -0.97% this week, and closed at 2191.95.

Wall Street’s bellwether had been trending higher since a perfect (nearly to the penny) tag of its 200-day moving average support in early November (green circle on the chart).

sp5002
Charts courtesy of StockCharts.com

The market tone has shifted.

If that is not obvious in the major averages, I am seeing that in our individual positions.

I issued three SELL ALERTS this past week.

CORT (P/L +37%), IGT (P/L +42%) and SINA (P/L +39%)

…and today I am calling it for our STZ (P/L +67%) which triggered a FINAL SELL SIGNAL on Thursday.

As we know, the market runs in a perpetual cycle from bullish-to-bearish-to-bullish again.

So while the market is getting into gear with a another rally run, we have stocks to buy with new breakouts.

Then, when the market pulls in or corrects, there are not any new buys showing up. This allows us to then turn our attention to our current holdings, and monitor them for sell signals.

We’re doing that by continuously sorting them on a scale from strongest to weakest. We cut the weaker stocks first as the price/volume action deteriorates or each one technical violates support, while holding stronger positions as they should be the first to continue higher when the rally resumes.

Need help with your current holdings or getting in the proper breakouts? Please let me know – james@jamestaulman.com

 


 

SUN 12/04: Constellation Brands Inc. (STZ – NYSE) – PORTFOLIO REMOVE

PROFILE: Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets alcoholic beverages in the United States, Canada, Mexico, New Zealand, and Italy. The company’s brands include Corona Extra beer, Svedka vodka, and Robert Mondavi wine.

stz2

Charts courtesy of StockCharts.com

LATEST ANALYSIS 12/04: This stock sliced it 200-day moving average on 11/9, and that was noted as a sell signal.

Shares did recover then had to deal with the resistance created by that same important technical line as they were turned back from there during the previous week.

Now this week, shares lost another -6.6% with a +34% increase in volume with a new recent low being made on Thursday.

That could have been considered a final sell signal.

As of today, this stocks will no longer be covered in this series of reports.