– 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
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
[dropcap]A[/dropcap]fter a huge down day yesterday, stock futures are pointing sharply higher this morning. The Dow is poised to rise +150 points or +0.6%. The Nasdaq and S&P 500 are tracking +0.6% higher as well.
QUOTE OF THE DAY:
“Memorial Day this year is especially important as we are reminded almost daily of the great sacrifices that the men and women of the Armed Services make to defend our way of life.”
– Robin Hayes
European markets opened in the green. Britain’s FTSE 100 index jumped +0.7%, while stocks in Germany and France rose more than +0.9%.
Stocks in Asia finished mixed. Hong Kong’s Hang Seng index rose +0.3%. Japan’s Nikkei fell almost +0.2%.
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BREAKOUT UPDATE:
I know some people may have snickered when I first put Hershey Co. (HSY) on our Technical SetUps WatchList, on of all days – last Valentines Day!
The stock went on to break out 4 sessions later.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Shares did pullback to successfully test support in late-March while the broader market struggled.
Other than that, this selection kept advancing, making new all-time highs.
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Now You Can Start Receiving James’ –
Stock WatchList: Morning Update
Early each market morning James diligently screens through hundreds of high EPS and RS ranked stocks that have solid fundamentals.
He is looking for those select few which are setting up in sound technical bases and which looked poised to breakout that day.
Each stock is listed with specific trading criteria such as a TRIGGER PRICE, TRIGGER VOLUME and MAX BUY PRICE.
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WATCHLIST UPDATE:
I ran my routine stock screens this morning, yet did not find any new stocks to add to our watch lists.
There are still 14 stocks on our watch lists.
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.
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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.
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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.