Dow Futures Lower – All Last Week’s BUYS Updated

After a couple of quiet weeks on Wall Street, the rally got back into gear last week, and in a big way.

The Dow Jones finally cleared the historic 20,000 point hurdle and all the major averages posted new all-time highs by mid-week.

Even with the release of a disappointing GDP report on Friday which came in below expectations, the market’s recent upward bias remained intact, and the major indexes finished higher for the week.

The Nasdaq distribution count is at 5 and the S&P is currently at 4, as the market’s official status continues to be – uptrend.

Notably this morning, the Dow looks like it might give up the 20k level as futures are pointing to a weak open for the famed index.

The market will have plenty to key off of this coming week including the FOMC’s two-day meeting which starts on Tuesday. Also, there are numerous economic reports due out, along with individual companies reporting their Q4 results.

This week we will hear from a fifth of the S&P 500 index, plus five Dow components.

Among those will be tech-heavyweights – Apple Inc. (AAPL) on Tuesday and Facebook Inc. (FB) on Wednesday, then Amazon.com Inc. (AMZN), will report on Thursday.

A little closer to home, we had 19 breakouts in just 3 sessions last week…Continue Reading

Major Averages Well Off of Mid-Day Highs – No New BreakOuts

3:15 PM – The major averages are trading well off of their mid-day highs as we approach the final 30-minutes of Tuesday’s session.

The Dow is sitting with modest declines as the Nasdaq is positive with not a down day yet in 2017.

We have no new breakouts today.

Our latest breakout, INCY is adding a bit to yesterday’s solid gains.

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

Previous TrendLine BreakOuts with noteworthy action today are…

Shares of TCB are making some gains today (+1.5%) yet volume is about average in afternoon trading.

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

There are some nice above average volume gains in TSEM to new multi-year highs today.

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

Shares of REGI are at the 200-day moving average. Any trading significantly below there, or a close below there ($9.15), would be the final SELL signal.

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

After some nice price progress yesterday of +1.7%, shares of MPWR are holding up today.

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

NTES closed above the 50-day moving average yesterday, and as noted that was technically significant. Today shares are making continued gains of +2%.

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

Shares of RTEC are holding up today after they had a gap down yesterday as the company received a meaningless downgrade from a brokerage firm.

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

MXL is holding on to the nice gains made yesterday.

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.

 


 

A Quiet Pre-Holiday Week – One New BreakOut Alert

Richard-JamesFor the past seven-weeks the major averages have made an impressive run to new highs.

This week, was rather quiet on Wall Street ahead of the Christmas Holiday.

The biggest “news” may have been that the Dow once again failed to break above the closely watched 20K milestone.

Still, each of the three major indices closed higher with now only four days of trading remaining for 2016.

The blue-chips did gain another +0.46% or +90.40 points, ending at 19,933.81, and logged a seventh-consecutive weekly gain.

This was a feat not seen since late 2014.

dowCharts courtesy of StockCharts.com

After a slight pullback last week (-0.13%), the Nasdaq Composite index was back to making gains this week as it netted +25.53 points, or +0.47% and closed at 5426.29.

compqCharts courtesy of StockCharts.com

The S&P 500 index closed the week up +5.72 points or +0.25%, to 2263.79.

Barring a selloff in the 4-day week between Christmas and New Year’s, the S&P 500 is looking to close out 2016 about +3% higher than the average original target of strategists polled a year ago.

sp500Charts courtesy of StockCharts.com

I really don’t think we could ask for better technical action in the market at this point.

We had a very nice run to new highs and now we have some perfectly-timed sideways trading action as volume is lighter and those gains are digested.

If this ideal action would continue, we would see the moving averages such as the 50-day and 200-day catch up, as individual stocks build new bases to buy off of.

We shall see.

In the meantime, we will watch for any new breakouts with volume as those would be buyable, while we monitor our current positions for any individual weakness.

Markets are closed Monday, then we have the last four trading days of the year before the New Year’s Holiday.

I wish everyone a happy and safe holiday season.

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One New BreakOut Alert This Past Week

Cirrus Logic, Inc. (CRUS – Nasdaq) is a fabless semiconductor company which develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets.

This stock was added to the Technical SetUps WatchList on 12/13 as shares had just completely recovered from a single-session pullback (12/1) and were now building a base at new highs and above the 50-day moving average.

On 12/21 coverage was initiated with a positive rating at Susquehanna, and that news had the stock breaking out, yet the volume on the day was below average.

As I noted in the Wednesday afternoon update – “We had another breakout today from the Technical SetUps WatchList as shares of CRUS traded above their TRIGGER PRICE of $59.60. The volume, however, is not confirming a BUY signal.”

crusThis was the only BreakOut we had during this quiet pre-holiday week.

For those who are still interested in possibly buying – any gains while the day’s volume is above average by at least +50%, would have this stock confirming a BUY signal up to the stock’s MAX BUY PRICE which we have set at $62.58.

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James F. Taulman – For more than 8 years James served as Editor-in-Chief of an independently-licensed website that offered stock reports and services based on the CAN SLIM® investment system.

He developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy.

Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace.

Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.

James now runs two websites and a portfolio service where he features select stocks which match up very favorably with the guidelines of the winning investing system.

At his long-standing SundayStockReport.com website, he produces a weekly newsletter that includes his High Ranked Leaders Watch List, and ongoing portfolio style coverage on breakouts from that concise list.

His newer site, BuyingBreakOuts.com is where he offers a stock watch list each market morning, emailed out as a Stock WatchList Morning Update. This report contains his hand selected stocks which looked the most poised to break out. There are also real-time “BreakOuts Alerts!” of stocks from that list which trade above his Trigger Price. These are sent via email to those who sign up for this free service.

Most recently James introduced – James Taulman’s Personal Portfolio Service where he gives specific BUY, HOLD or SELL calls on suitable high-ranked market leaders. These selections have solid fundamentals along with bullish technical chart patterns. He also presents stocks for shorting and gives, SHORT and COVER alerts on those as well.

He designed this service to take only what he sees as the most sound stock selections from all of the services which he currently offers. This new service is basically how he uses the information which he has available to him, to trade a personal brokerage account.


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Futures Steady – Last Trading Day Before Christmas

The major averages closed modestly lower yesterday, yet remain just off of recently made all-time highs.

The Dow continues to trade just below the 20k level for the past two weeks, currently sitting at 19,919.

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

This morning, European markets are mixed in early trading.

Asian markets ended the week mostly in negative territory.

U.S. stock futures are holding steady after stocks slid a bit on Thursday.

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.

 


 

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.

 


 

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

 


 

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.

 


 

SELL ALERT: SINA – Fundamentals Lag, Take +38% PROFIT

SELL: SINA Corporation (SINA – Nasdaq)

Another day of above average volume declines.

This is the final SELL SIGNAL with a 38% PROFIT as fundamentals are now also well below our guidelines.

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

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

Richard-James

James Taulman’s Personal Portfolio Service is designed to take only what I see as the most sound stock selections from all of the services which I currently offer. I present these stocks with specific buy points on a combined watch list (emailed daily), and not only do I alert members as to when a stock is a buy, but also when it is a sell. Shorting opportunities are also featured. This new service is basically how I use the information which I have available to me, to trade a personal brokerage account.

Each market morning Personal Portfolio Members receive my Stock WatchList & Portfolio Update report via email. It includes a brief market commentary, my watch list for the day, and updates with charts on all the stocks in the portfolio.

A membership to James Taulman’s Personal Portfolio Service also includes ongoing access to both the SundayStockReport.com and BuyingBreakOuts.com websites.

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For Current Sunday Stock Report or BuyingBreakOuts Members:

Here is how you can upgrade to this all-inclusive Personal Portfolio Membership and get the very valuable additional help which many have requested.

Sign up for James Taulman’s Personal Portfolio Service at the link above.

Choose either the $99 a month option or the $987 a year option.

Once we receive your information and your chosen term, we will then upgrade and credit your account.

For example, if you purchased a 1 year subscription for The Sunday Stock Report at $349, two months ago, you have 10 months credit ($290). Right? That credit will be applied, starting with your second month of the new portfolio service. So, in this example if you choose the $99 a month, you pay for the first month, then there would be no charge for the next three months for this new all-inclusive service.

If you choose the 1 year option, (first off you save $200) and then once we calculate your Sunday Stock Report and/or Buying BreakOuts credit, you will receive a refund for the difference. ($987 – REMAINING MONTHS = CREDIT BACK TO YOUR CARD)

Plus, if you try the new Personal Portfolio Service for 30 days and you are not happy, we will reset your current Sunday Stock Report and/or Buying BreakOuts membership as it was. So you do not risk losing your current membership terms or any months.

You will start receiving my new reports via email each market morning.

As always, if anyone has any questions – please feel free to email me at jamestaulman@gmail.com as I would be glad to assist you.