– 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.
8:45 AM – MORNING MARKET UPDATE & WATCH LIST
[dropcap]Y[/dropcap]esterday, the Dow closed +31 points higher, while the S&P edged up +1.6 points, the Nasdaq added +9 points as the major averages continue to make new highs.
QUOTE OF THE DAY:
“Your time is limited, so don’t waste it living someone else’s life.”
– Steve Jobs
Investors seemed convinced that they will see the phase-one trade deal finalized before the next major tariff increase deadline of December 15th.
This morning, U.S. futures point higher. Markets in Europe gained in early trading, while stocks in Asia rose outside Japan.
For earnings, we have Aramark, our Home Depot, Kohl’s and TJX reporting earnings before the open. Urban Outfitters follows after the close.
As I stated in last week’s (11/10) Sunday Stock Report – “We will also be looking for the start of a Santa Claus rally, as we are already in the final eight weeks of 2019.”
So far, so good.
Of course, the market status continues to be officially as -“Confirmed Uptrend” with 4 distribution days on S&P 500, and now 2 on the Nasdaq.
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BREAKOUT ALERT UPDATE:
CGI Inc. (NYSE – GIB)
CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific.
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
| GIB | $81.75 | 10/13 | $80.69 | 11/11 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE | 1st SUPPORT |
2nd SUPPORT |
MAX STOP LOSS GUIDE | % GAIN/LOSS |
| $84.72 | $80.00 | 50 DMA | $74.23 | +1.31% |
NOTE: This stock was first featured in my “Stock WatchList: Morning Update” before they broke out. You can now start receiving my “Stock WatchList: Morning Update” each market morning through the BuyingBreakOuts website for only $9 a month or just $97 for an entire year here.
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BuyingBreakOuts.com
“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”
Start Receiving Our Free BreakOut Alerts
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WATCHLIST UPDATE:
No matter the market, I always have a current watch list ready. There are now a lucky-13 stocks that we will be watching for a traditional break out to new highs.
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.