James F. Taulman

"Covering High-Ranked Market Leaders for More Than 20 Years"

FRI 9/20: Futures Modestly Higher – 2 BreakOuts This Week

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

9:15 AM – MORNING MARKET UPDATE & WATCH LIST

Stocks finished mixed Thursday, as investors came to grips with the Federal Reserve forecasting no further interest rate cuts this year.


QUOTE OF THE DAY:

“I belong to no organized party. I am a Democrat.”
– Will Rogers


At Wednesday’s policy meeting, the central bank cut interest rates by a quarter percentage point, marking their second cut in a row. However, the Fed’s dot plot — the average expectation of future interest rates — doesn’t foresee another rate cut this year or in 2020.

The Dow closed -54 points, or -0.2%, lower, while the S&P 500 ended flat. The Nasdaq Composite finished just +0.1% higher.

Asian stocks were mostly higher on Friday after China and India took steps to shore up economic growth.

India’s benchmark Sensex index surged +5.3%, after a cut to the country’s corporate tax rates sent its markets spiking.

Chinese central bank cut a key lending rate, making it cheaper for companies to borrow.

Japan’s Nikkei (N225) rose +0.2%. South Korea’s Kospi gained +0.5%. China’s Shanghai Composite added +0.2%. But Hong Kong’s Hang Seng Index erased earlier gains, edging down -0.2%.

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BREAK OUT UPDATE:

Two breakouts this week.

SYM LAST ADDED TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX BUY PRICE %
GAIN
/LOSS
IBP $60.36 9/12/19 $60.09 9/18/19 $63.09 +0.45%
LHX $214.06 9/17/19 $215.46 9/18/19 $226.23 -0.65%

.

NOTE: Both these stocks were on my Technical SetUps WatchList. You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.

Questions? – Click here.

____________________________________________________

BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

____________________________________________________

WATCHLIST UPDATE:

We should always have a current watch list updated and ready.

There are now 21 stocks that we will be watching for a traditional break out to new highs.

Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.

Questions? – Click here.

_________________________________________________

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

THU 9/19: Futures Steady – $IBP and $LHX Break Out

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

9:00 AM – MORNING MARKET UPDATE & WATCH LIST

This morning futures are currently flat for the major indexes as the Dow maintains above the 27,000 mark without a close below there since reclaiming that psychological level on last Wednesday.


QUOTE OF THE DAY:

“Whatever we plant in our subconscious mind and nourish with repetition and emotion will one day become a reality.”
– Earl Nightingale


Stocks in Europe are higher, The FTSE is up better than half a percent. The German DAX is higher by +0.3%.

China’s market ended their Thursday session mixed with Hong Kong’s Hang Seng Index losing -1.1% and the Shanghai Comp ended up +0.5%. Over in Japan the Nikkei 225 closed at its highest level since May, +0.4%.

The current stock market rally continues here in the U.S. Fresh breakouts, especially with volume, remain buyable.

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BREAK OUT UPDATE:

There were 2 new breakouts from our watch list yesterday.

SYM LAST ADDED
TO
WATCH
LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
RICE
%
GAIN/
LOSS
IBP $60.18 9/12/19 $60.09 9/18/19 $63.09 +0.15%
LHX $214.70 9/17/19 $215.46 9/18/19 $226.23 -0.35%

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

NOTE: Both these stocks were on my Technical SetUps WatchList. You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.

Questions? – Click here.

____________________________________________________

BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

____________________________________________________

WATCHLIST UPDATE:

We should always have a current watch list updated and ready. Last night while running stock screens I added 3 more stocks to our watch list.

There are now 21 stocks that we will be watching for a traditional break out to new highs.

Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.

Questions? – Click here.

_________________________________________________

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

BreakOut Alert: LHX above TRIGGER PRICE $215.46

BreakOut Alert: LHX traded above its TRIGGER PRICE of $215.46. The security is currently trading at $215.50.

BreakOut Alert: IBP above TRIGGER PRICE $60.09

BreakOut Alert: IBP traded above its TRIGGER PRICE of $60.09. The security is currently trading at $60.10.

WED 9/18: Futures Off – Our $AKAM Back Near New Highs

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

6:30 AM – MORNING MARKET UPDATE & WATCH LIST

On Tuesday, the Dow was closed with a gain after snapping its 8-day win streak on Monday. The Nasdaq and S&P 500 also ended the day higher.


QUOTE OF THE DAY:

“Sooner or later, those who win are those who think they can.”
– Paul Tournier


Oil prices dropped sharply yesterday, following Monday’s surge. Oil prices initially fell after Reuters reported Saudi Arabian oil production would return to normal within two to three weeks.

Growth stocks have rebounded from last week’s sell-off.

The Federal Reserve will issue its next rate-making statement today at 2 p.m. Expectations for a quarter-percentage-point rate cut have fallen to just more than 50%, according to the CME FedWatch tool.

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BREAK OUT UPDATE:

Here is an update from this week’s Sunday Stock Report.

Akamai Technologies, Inc. (AKAM – NASDAQ)

Akamai Technologies, Inc. is an American content delivery network and cloud service provider headquartered in Cambridge, Massachusetts, in the United States. Akamai’s content delivery network is one of the world’s largest distributed computing platforms, responsible for serving between 15% and 30% of all web traffic.

9/15 UPDATE: Like most of September’s 7 breakouts, this one sold off sharply on Monday (7/9) morning, and posted further declines on Tuesday. Volume was, conversely, lower than the average during AKAM‘s 2-day pullback and shares did maintain fairly well above the 50-day moving average. These are important points to note in comparison to many of September’s other breakouts which sold off with an increase in volume, and also definitely broke support.

SYM LAST ADDED TO WATCH LIST BREAKOUT
PRICE
BREAKOUT DATE
AKAM $90.41 9/1/19 $90.86 9/4/19

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MAX BUY PRICE 1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE % GAIN/LOSS
$95.40 was: $90.00
now: 50 DMA
was: 50 DMA
now: $84.00
$83.59 -0.50%

Shares of AKAM did break our previously noted 1st SUPPORT of $90 on Monday, yet volume was below average and with other leaders selling off sharply, this was definitely a concern, yet not all out SELL signal, especially with the 50 DMA intact.

There was a decent up-day on Wednesday, followed by some solid volume-backed gains on Thursday which helped to negate the recent weakness. Friday’s session was somewhat whipsawed – being not very definitive – ending with a slight loss.

All ranks for AKAM, including its A/D rank, remain high. I would expect the gains to continue with little technical damage to shake off and very little if any overhead supply in the way of further possible upside as long as the environment is cooperative.

NOTE: The above was first published this week’s Sunday Stock Report.

Questions? – Click here.

____________________________________________________

BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

____________________________________________________

WATCHLIST UPDATE:

We should always have a current watch list updated and ready.

Last night while reviewing the list, I removed VMC.

There are now 18 stocks that we will be watching for a traditional break out to new highs this coming week.

Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.

Questions? – Click here.

_________________________________________________

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

TUE 9/17: Futures Off – BreakOut $ACGL Analysis

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

6:30 AM – MORNING MARKET UPDATE & WATCH LIST

Yesterday, the major averages closed lower as the Dow lost -142 points and snapped its eight-day winning streak.

Investors were rattled by a drone strike on Saudi Arabian oil facilities which happened over the weekend.


QUOTE OF THE DAY:

“I’m trying to get people to see that we are our brother’s keeper. Red, white, black, brown or yellow, rich or poor, we all have the blues.”
– B. B. King


U.S. stocks held up for the most part. The Dow lost -0.5%, while the S&P 500 and the Nasdaq each lost -0.3%. It was no surprise to see energy and defense stocks rally, Monday.

Growth stocks which got hit last week, also held up well.

This morning, European stocks searched for direction for their Tuesday session. The German DAX was down -0.13%, the French CAC was up +0.12%, and the U.K. FTSE 100, rose +0.14%. Asian markets fell in early trading.

Today, the Federal Reserve starts its two day meeting beofre it will deliver its monetary policy statement on Wednesday.

____________________________________________________

BREAK OUT UPDATE:

We continue to take a closer look at September’s 7 breakouts.

Here is another…

Arch Capital Group Ltd. (ACGL – NASDAQ)

Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis, with a focus on specialty lines, the segment of the insurance industry where the more difficult and unusual risks are written.

9/17 UPDATE: Shares of this breakout did sell-off early last week along with the others, however, the stock never even broke support of the previous highs ($40) of the most recent base – which was our noted 1st SUPPORT.

SYM LAST ADDED TO WATCH LIST BREAKOUT
PRICE
BREAKOUT DATE
ACGL $40.56 8/25/19 $40.30 9/3/19

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MAX BUY PRICE 1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE % GAIN/LOSS
$42.32 was: $40.00
now: $40.00
was: 50 DMA
now:  50 DMA
$37.08 +0.65%

For the remainder of last week, the action in ACGL was fairly tame with shares trading in a tight range above initial support, and not triggering a SELL signal.

All of the stock’s ranks remain fairy-high and were not affected by this week’s broader market action concerning growth leaders.

Shares closed last week just above $40 with only some very slight overhead supply to work through to get clear to new all-time highs above $41.57.

____________________________________________________

BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

____________________________________________________

WATCHLIST UPDATE:

We should always have a current watch list ready. Last night while reviewing well over 220 charts, I added another 2 new stocks to our watch lists.

There are now 19 stocks that we will be watching for a traditional break out to new highs this coming week.

Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.

Questions? – Click here.

_________________________________________________

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

MON 9/16: Futures Lower – 17 Stocks on Our WatchLists

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

8:00 AM – MORNING MARKET UPDATE & WATCH LIST

The current stock market rally continued this past week – albeit without our growth stocks – as Chinese-American trade tensions eased and central banks supported risk-taking with economic stimulus measures.


QUOTE OF THE DAY:

“Unfortunately, it is human nature for us to only learn and grow from a place of emptiness. It’s hard to learn when we are winning and on top of the world.”
– Yehuda Berg


Although the market continued with its current sprint from the now infamous 8/23 low, there was a heavier rotation out of leading growth stocks and into beaten-down value stocks. This, of course, had an adverse effect on our recent breakouts, as well as the stocks on our watch lists.

Meanwhile, both the Dow and the S&P closed the week less than a percentage point away from their all-time highs set in July.

The Dow Jones Industrials added another +422 points or +1.58% this past week.  The index has closed up 11 out of the past 12 trading sessions, with the last 8 being straight green.

The blue-chips have now advanced for 3-consecutive weeks, for a total of a whopping 1,591 points.

The Dow closed the week at 27,219, just -179 points from its all-time high of 27,398.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

The current rally did shed some distribution days this past week. We went from 5 on the Nasdaq, down to just 2. On the S&P 500 went from 3 last week, to now just 1.

The market remains officially in a “confirmed uptrend”. Of course, the obvious event to watch for next week is if the major averages will punch through to new highs. It’s been a straight run up from the aforementioned Aug 23rd lows.

On Wednesday, the Federal Reserve will deliver its monetary policy statement, with further rate cuts widely expected of 0.25%.

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BREAK OUT UPDATE:

#1 IHS Markit Ltd. (INFO – NYSE)

Markit Ltd. was a global financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing. The company provides independent data, trade processing of derivatives, foreign exchange and loans, customized technology platforms and managed services.

9/15 UPDATE: This breakout actually traded higher on Monday morning, before selling off in the afternoon. Shares held right at our previously noted 1st SUPPORT ($66) on Tuesday with the low being $66.01.

At that point, the 50-day moving average started to come into play and as I have explained previously – that can draw the price a bit lower – which happened on Wednesday.

SYM LAST ADDED TO WATCH LIST BREAKOUT
PRICE
BREAKOUT DATE
INFO $67.86 8/10/19 $66.17 9/3/19

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MAX BUY PRICE 1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE % GAIN/LOSS
$69.48 was: $66.00
now: 50 DMA
was: 50 DMA
now: $62.00
$60.88 +2.55%

The stock did hold well above what was our 2nd SUPPORT of the 50 DMA.

Thursday’s gains were bullish as shares advanced better than +3% with a +65% increase in volume, putting the stock back near the previous Friday’s new highs. The volume-backed gains continued the following day and that had us end the week with a +2.5% position gain.

All of the ranks for INFO remain very high and shares are well above the 50-day moving average with little resistance in the way of further gains.

____________________________________________________

BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

____________________________________________________

WATCHLIST UPDATE:

We should always have a current watch list ready. This weekend, while reviewing well over 220 charts, I added 2 new stocks to our watch lists.

There are now 17 stocks that we will be watching for a traditional break out to new highs this coming week.

Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.

Questions? – Click here.

_________________________________________________

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

During Pullbacks – Watch Price/Volume and Important Support Levels

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

4:30 PM – BREAK OUT UPDATE

With this week’s rotation out of leading growth stocks, we got stuck playing some defense. At least we’re able to reaffirm some of our basic trading disciplines. Guidelines which we’ve presented for nearly 20 years – such as the importance of our 1st and 2nd SUPPORT levels, along with the basic 50-day moving averages, daily price/volume action, chart trendlines, and our MAX STOP LOSS GUIDE.

Here is one example using one of our current breakouts:

IHS Markit Ltd. (INFO – NYSE)

Markit Ltd. was a global financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing. The company provides independent data, trade processing of derivatives, foreign exchange and loans, customized technology platforms and managed services.

9/15 UPDATE: This recent breakout actually traded higher on Monday morning, before selling off in the afternoon. Shares held right at our previously noted 1st SUPPORT ($66) on Tuesday with the low being $66.01.

At that point, the 50-day moving average started to come into play and as I have explained previously – that can draw the price a bit lower – which happened on Wednesday.

SYM LAST ADDED TO WATCH LIST BREAKOUT
PRICE
BREAKOUT DATE
INFO $67.86 8/10/19 $66.17 9/3/19

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MAX BUY PRICE 1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE % GAIN/LOSS
$69.48 was: $66.00
now: 50 DMA
was: 50 DMA
now: $62.00
$60.88 +2.55%

The stock did hold well above what was our 2nd SUPPORT of the 50 DMA.

Thursday’s gains were bullish as shares advanced better than +3% with a +65% increase in volume, putting the stock back near the previous Friday’s new highs. The volume-backed gains continued the following day and that had us end the week with a +2.5% position gain.

All of the ranks for INFO remain very high and shares are well above the 50-day moving average with little resistance in the way of further gains.

In this week’s Sunday Stock Report, I take a closer look at how the principles shown above should have been applied during the past week’s shakeup.

You can now receive this week’s Sunday Stock Report, and also get my watchlist for the week, when you request your complimentary copy here.

_________________

Receive a Complimentary Copy of my…

Sunday Stock Report

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

In a Week Where Growth Stocks Got Hit, What Can We Learn ?

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

9:00 AM – BREAK OUT UPDATE

With this week’s rotation out of leading growth stocks, we got stuck playing some defense. At least we’re able to reaffirm some of our basic trading disciplines. Guidelines which we’ve presented for nearly 20 years – such as the importance of our 1st and 2nd SUPPORT levels, along with the basic 50-day moving averages, daily price/volume action, chart trendlines, and our MAX STOP LOSS GUIDE.

In this week’s Sunday Stock Report, I take a closer look at how those principles should have been applied during the past week’s shakeup.

You can now receive this week’s Sunday Stock Report, and also get my watchlist for the week, when you request your complimentary copy here.

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

SAT 9/14: Recent BreakOut Fails – What to Look For…

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

4:15 PM – BREAK OUT UPDATE

Boston Scientific Corporation (NYSE – BSX)

Boston Scientific Corporation, doing business as Boston Scientific, is a manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.

9/15 UPDATE: Closed the previous week on a bullish note as it gained nearly +2% on that Friday while volume was slightly above average. Shares closed that week at a new all-time high.

SYM LAST ADDED TO WATCH LIST BREAKOUT
PRICE
BREAKOUT DATE
BSX $43.45 8/4/19 $43.63 9/6/19

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MAX BUY PRICE 1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE % GAIN/LOSS
$45.81 was: $43.00
now: $41.00
was: 50 DMA
now: $40.00
$40.14 -4.17%

That all reversed on Monday as 1) the stock sold off nearly -4%, 2) with an increase in volume, 3) broke the 50-day line and 4) closed near the session lows. That negative trading action coupled with the technical violations was a clear SELL signal.

With that type of single-session technical damage, it was no surprise to see shares open the next morning with a gap down, then trade even lower.

BSX did start to positively reverse later that morning with a bounce from support offered by the round-$40. That carried the gains through Thursday, and even briefly back above the 50-day line to close with a slight loss. On Friday, shares gave up another -1%, albeit in lighter turnover.

For those who continue to hold or may have bought the bounce – any continued weakness would be another SELL signal, exiting the position with a loss within the guidelines (~ -5%).

Questions? – Click here.

NOTE: Get updates like this on all 7 of September’s breakouts – and my watchlist for next week – by requesting a complimentary copy of this week’s Sunday Stock Report here.

Questions? – Click here.

_________________________________________________

About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has 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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.

 

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