James F. Taulman

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

SSR 5/20: Indices Remain Above Key Support – 4 BreakOuts, 4 New Additions to the WatchList

An excerpt from this Week’s Sunday Stock Report – 5/20/18

– 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.


BreakOuts This Past Week | 11 Stocks on Our WatchList for Next Week


U.S. stocks closed mostly lower on Friday, with the major indexes posting a weekly decline as investors grappled with uncertainty over trade negotiations between the U.S. and China, as well as bond yields that climbed this week to the highest level since 2011.

For the week, both the Dow Jones and the S&P 500 fell -0.5%. This was the third weekly decline of the past four for both. The Nasdaq, where the majority of chip and technology shares are listed, closed net -0.7% lower after two up weeks.

Although, the bulls were likely hoping for a greater gains on the heels of the market’s achievements of the previous week, it was not that bad of a week for the major averages. The action was relatively tame except for Tuesday’s modest pullback.

The market just got back into gear as the major average reclaimed their respective 50-day moving averages during the previous week, and the market status was upgraded to “uptrend resumes”.

That is a key area (50 DMA) to watch next week, if any broad technical weakness continues.

​As far as individual stocks were concerned – we had 4 breakouts this past week from our weekly watch list​ which were TUSK -0.79%, HDS -0.02%, NKE +1.74%, and DECK +2.49%.

Keep in mind that when a stock breaks out (become potentially buyable) – there are other factors to consider.

  1. Volume on the breakout. A stock that is breaking out through resistance, with an increase in volume of +50% above the stock’s average volume (50 DAV), is showing more conviction and more demand.
  2. Earnings. Many stocks from our watch list will break out during earnings season. Earnings breakouts can be more rewarding, however, these trades carry much more risk then traditional (non-news) breakouts. One needs to also consider – the strenght/weakness of the fundamental news that was just released along with the foward-looking guidance the company gave, investors response to the conference call, etc. For anyone who is not familiar with – buying earnings breakouts – I suggest that they sit through a few seasons to study, paper trade, and show some profits – before applying actual capital.

After running my routine stock screens over the weekend, I added 4 new stocks to our watch list.

NOTE: Would you like to start receiving a weekly report which includes a concise watch list of hand-selected, high-ranked stocks with specific buying criteria that looked poised to break out?

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

WED 5/15: Futures Off Slightly – PRLB Builds a Base


NOTE: Today’s watch list with annotated charts can be found here.

The Dow Jones and the Nasdaq both slumped -0.8% on Tuesday, while the S&P 500 closed -0.7% lower. The fall in the Dow marked the end of an eight-day winning streak and flipped the index back to the red for the year.

This morning, futures are off slightly.




Nasdaq Reclaims the 50 DMA – 5 BreakOuts this Past Week

Richard-James– 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.



BreakOuts This Past Week | 11 Stocks on Our WatchList for the Week


The major indexes rallied Friday as the April jobs report brought some relief, and investors applauded key earnings announcements.

The Dow gained +332 on the session, helped by Apple which added nearly 50 points to Dow’s rally.

The blue chips booked their best day in 3 weeks, after the index had been struggling – falling in 9 of the past 13 sessions.

This comes after the Dow and the S&P 500 made a positive signal on Thursday when each found support at their 200-day moving averages.

Both did post -0.2% weekly declines while the Nasdaq actually turned positive for the week, up a solid +1.3%.

The tech-laden index also got a boost from Apple and surged +1.7% on Friday, as shares rallied on news that Warren Buffett increased his stake in the personal-technology company. The Nasdaq did close just above the 50-day moving average, and that is a bullish sign.

Earnings season heads for a close as 81% of companies have now reported earnings.

Among the S&P 500 companies, 47 will report earnings next week, including Nvidia Corp. NVDA, Costco Wholesales Corp. COST, Dow component Walt Disney Co. DIS, and Tyson Foods Inc. TSN.

With the Federal Reserve meeting, monthly jobs report and the bulk of the earnings season behind us, mainstream investors will turn their focus back to global trade headlines in coming weeks.

They will also be listening to cues from several Fed heads who are scheduled to speak over the course of the week, each will surely offer more insight into the central bank’s monetary policy strategy.

After an earnings barrage and FOMC data, stock-market moves will now hinge more on global trade.

We had breakouts this past week from our weekly watch list.

After running my routine stock screens over the weekend, I added 4 new stocks to our watch list. We now have a total of 11 stocks which we will be watching for a potential breakout in the coming week.

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

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