– 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
[dropcap]T[/dropcap]he rally took a hit yesterday as the Dow lost -263 points, the S&P 500 fell -27 points, while the Nasdaq dropped -97 points. Meanwhile, the VIX logged its biggest jump since August.
QUOTE OF THE DAY:
“Experience is simply the name we give our mistakes.”
– Oscar Wilde
It was the worst single-day performance since mid-October, after a worse-than-expected report on the U.S. manufacturing sector and concerns about U.S. trade relations weighed on investor sentiment.
This morning, Dow futures are down over -250 points, markets in Europe gained in early trading but have since turned negative, while stocks in Asia were mixed.
We did pick up another Distribution Day on the Nasdaq and the S&P 500, which brings the count to 4 days each.
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BREAKOUT ALERT UPDATE:
All of last week’s BreakOut Alerts.
| SYM | LAST | ADDED TO WATCH LIST | TRIGGER PRICE |
TRIGGER VOLUME |
MAX BUY PRICE | % FR TRIG PR |
| CASY | $176.63 | 11/23 | $174.98 | 383,850 | $183.73 | +0.94% |
| FLT | $308.42 | 10/27 | $304.75 | 797,250 | $319.98 | +1.20% |
| ROST | $116.00 | 11/19 | $114.93 | 2,569,950 | $120.68 | +0.93% |
| KNL | $27.56 | 11/23 | $27.94 | 360,600 | $29.34 | -1.36% |
NOTE: These stocks were 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 8 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.