– 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.

8:15 AM – MORNING MARKET UPDATE & WATCH LIST

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

After a solid up day yesterday, stock futures are pointing to a lower opening today.

The Dow is set to drop –40 points, or -0.2%, the Nasdaq is off -0.3%, and the S&P 500 is poised to dip -0.2% as trade tensions between US and China remain front of mind for Wall Street.

QUOTE OF THE DAY:

“You can lead a man to Congress, but you can’t make him think.”
– Milton Berle

European markets opened their session mixed. Stocks were flat in Germany but dropped -0.2% in France. Britain’s FTSE 100 index is up +0.4.

Stocks in Asia were also mixed, with the Shanghai Composite index falling -0.5% and Hong Kong’s Hang Seng index rising +0.1%. Japan’s Nikkei also edged up.

Amazon’s annual shareholder meeting kicks off in Seattle at 12 p.m. ET on Wednesday.

The Federal Reserve will release minutes from its meeting on April 30 and May 1 on Wednesday at 2 p.m. ET.

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All 2019 Breakouts from our Technical SetUps WatchList.

JAMES’ NOTES:

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

LLI – Gaped down the day after breaking out, yet since has gradually traded higher. Did close at a new all-time high yesterday, however, volume was well below average.

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

MMC – Decent gains yesterday to a new all-time high close. Shares remain above support.

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

JCOM – This was an earnings breakout. Those always do carry more risk. Shares have been struggling, and actually triggered their first SELL signal on 5/13 with the above average volume declines and a close below the 50-day.

The 5/16 gains are very encouraging, yet do not completely negate the recent technical weakness.

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

TEAM – This stock actually broke out in the middle of the worst week of 2019 for the market. Shares had an impressive three days of sharp gains with a huge increase in volume as the stock moved up from its 50-day moving average and cleared our TRIGGER PRICE of $117.16.

Since then the stock has been volatile in a tough market, yet for the most part, shares are holding on to their twice-claimed +10% gains as they have maintained our 1st SUPPORT.

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

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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:

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– 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

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

On Monday, the Dow closed down -0.3%. The S&P 500 fell -0.7%, and the Nasdaq lost -1.5%.

This morning, U.S. stock futures point to modest gains. The Dow is set to rise about +80 points, or +0.3%, when U.S. markets open. The Nasdaq is poised to jump +0.6%, and the S&P 500 could climb +0.4%.

QUOTE OF THE DAY:

“Remember upon the conduct of each depends the fate of all.”
– Alexander the Great

European markets opened in the green, with Britain’s FTSE 100 index adding +0.6% and Germany’s DAX index rising +0.7% higher.

Those increases follow a mixed trading session for stocks in Asia. Hong Kong’s Hang Seng index fell -0.5%, while the Shanghai Composite index swung the other way and rose +1.2%. Japan’s Nikkei lost only about -0.1%.

Investors are on high alert for China’s yuan to fall to the symbolically important level of 7 to the US dollar. A move below that threshold, last breached during the 2008 financial crisis, could ripple through markets and further complicate trade talks between Washington and Beijing.

Earnings from retailers kicks into high gear, Tuesday. Home Depot (HD), JCPenney (JCP), Kohl’s (KSS) and TJX (TJX) will release earnings before markets open. Nordstrom (JWN) and Urban Outfitters (URBN) will publish results after the close.

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– 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.

8:30 AM – MORNING MARKET UPDATE & WATCH LIST

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

Last week turned out to be a big whipsaw week for the major averages as each sold off quickly to new recent lows on Monday, with the Dow down –617 points.

QUOTE OF THE DAY:

“Have patience. All things are difficult before they become easy.”
– Saadi

The indices clawed back and marched sharply higher for the next three consecutive sessions. The market made up Monday’s losses by intra-day Thursday, before a down day on Friday turned into -1% weekly loss.

The Dow Jones Industrial Average posted a net loss of -178 points, or -0.7%, to 25,764 this week. The index closed just below its 200-day moving average support on Monday to 25,222, yet held the March 11th low of 25,208.

The blue chips still remain under resistance of their 50-day moving average and the near-coinciding round-26,000.

Year to date, the Dow is still up +10.9%.

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

For the week, the Nasdaq lost -1%, or -81.76 points, to close at 7816. It ended Friday just below its 50 DMA and remains well under 8000.

Monday’s severe pullback was to a low 7627 (thick red line – daily chart below). Been a common price area, recently.

Year to date, the index still has considerable gains of +17.8%.

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

After a -2.5% single-session plunge on Monday, the S&P 500 closed this past week down just -0.8%, or -22 points to 2859. The index did bounce squarely from the support of the round-2800 with a weekly low of 2801.43.

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

This past week the major averages bounced from their respective support levels, being the previous lows on the Dow, the previous lows/highs on the Nasdaq, and round-2800 on S&P 500. However, the official status has the market in correction mode. We are watching for a confirmation day on one of the major averages, which could happen any day as long as the S&P 500 or Nasdaq trade +1.3% or more with higher volume. This would signal the start of another rally-run.

I recently read somewhere – “Prudent investors would need to see the market make fresh highs to be confidently bullish.”Although this is true, as I have previously noted a few weeks ago – I would like to see the major averages consolidate with some sideways trading of at least several weeks before a break to new highs.

Federal Reserve chair Jerome Powell will give the keynote speech at the Atlanta Fed’s Financial Markets Conference on Monday at 7 p.m. ET.

Investors will listen for clues that Powell could change his sit-tight approach to interest rates now that the trade fight with China is back in full swing.

This morning, U.S. stock futures are sharply lower witht the Dow’s down -130.

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BREAKOUT UPDATE: 

Twilio Inc. (TWLO – NYSE)

Twilio is a cloud communications platform company which essentially provides building blocks to add email, messaging, voice, and video into web and mobile applications. Its customers include such high-profile names as Salesforce, Twitter, Lyft, Uber, Mercadolibre, and Ebay.

The stock has maintained high ranks and the company’s fundamentals have been sharply improving quarter-over-quarter. TWLO is clearly a leader, being ranked #1 in the current #1 ranked group.

For the past 2 months, shares had been building a bullish base near all-time highs and just above their 50-day moving average. These are my favorite technical set up situations. On a buyable break out to new highs, there is no resistance in the way of further gains, while the 50-day moving average is not-too-far below our BUY price, and offers support. Also, a tighter trailing 50-day line shows that the stock is not extended, and may be less vulnerable to severe pullbacks.

The stock was clearly setting up and I included it with detailed trading criteria in last week’s Sunday report and also in Monday morning’s – Stock WatchList Morning Update at BuyingBreakOuts.com.

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

Shares broke out bullishly to new highs on this past Thursday morning with twice the normal volume. This was while the broader market was attempting the start of another rally-run with the major averages then higher 3-sessions in a row. The beginning of a new market sprint can be an ideal time to buy fresh breakouts, however, this market was – and is still – officially “in correction” mode.

Friday morning, TWLO opened with a gap down along with the broader market. Shares did fight back from those morning lows and actually traded slightly positive well before mid-day. However, they headed lower in the afternoon to close Friday with a -1.3% loss in a fairly tame fashion. Share price remained above our noted 1st SUPPORT of $136.00.

As far as the broader market – if we do get a confirmation day on one of the major averages, which could happen any day as long as the S&P 500 or Nasdaq trade +1.3% or more with higher volume – that potential action will likely take TWLO higher.

If the broader market remains tough – noted support levels of this stock should hold as long as any market downdrafts are moderate.

As TWLO resumes trading on Monday, and as with any fledgling breakout, this one as well needs watching.

Of course, any volume-backed gains to new highs would be confirming follow-through action, while heavy-volume selling would be a clear concern, especially if indices are struggling.

Considering this stock’s stable technicals, its high ranks, and the company’s solid fundamentals, I would give it the bullish benefit-of-the-doubt for a longer-term holding.

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– 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.

7:00 AM – MORNING MARKET UPDATE & WATCH LIST

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

Yesterday, the Dow jumped +215 points, or +0.8%, on solid earnings from companies including Walmart (WMT), and upbeat economic reports on manufacturing activity, housing starts and jobless claims. The S&P 500 rose +0.9%, and the Nasdaq advanced +1%.

QUOTE OF THE DAY:

“I surround myself with good people who make me feel great and give me positive energy.”
-Ali Krieger

Solid earnings and economic news may have helped prop up U.S. markets in recent days. That’s hasn’t been the case in Europe and Asia, where the escalating US-China trade war is once again weighing down shares.

Hong Kong’s Hang Seng index fell another -1.2% Friday, while the Shanghai Composite index dropped nearly -2.5%. South Korea’s KOSPI index shed -0.6%. Japan was the exception, with the Nikkei rising -0.9%.

European markets also opened lower. Britain’s FTSE lost almost -0.2%. Markets in Germany and France fell -0.6% and -0.3%, respectively.

Here at home, markets are also set to open lower following a third consecutive day of gains. The Dow is set to start Friday 88 points lower, or down -0.3%. The Nasdaq could drop -0.5%, and the S&P 500 is poised to lose -0.4%. If the major averages can positivily reverse, that would be technically siginicant with fourth-straight day of gains.

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BREAKOUT UPDATE: All May 2019 BreakOuts Alerts

We had another two BreakOut Alerts on Thursday.

That makes a total of 5 for the month of May.

TWLO was a solid break out to new highs yesterday with nearly double the daily volume. Shares closed the session at a new all-time high, posting +3.5% gains.

LII also broke out yesterday, yet didn’t fare nearly as well. Shares ended the breakout day back below their TRIGGER PRICE of $277.55. The stock closed the session down -1.08% as volume was well above average. That is never a good sign.

Our MCC, a BreakOut Alert from the previous week, held up through the market pullback earlier this week and is now just -0.70% from a new all-time high.

Shares of JCOM traded aggressively higher Thursday, just after triggering a noted SELL signal on Wednesday as shares were starting to break below another support level. The stock closed yesterday just below its 50-day moving average of $86.91. A break above there would be a bullish sign.

After closing with a +10% gain last week, our TEAM did dip early this week, yet held above our noted support level, and has now reclaimed it’s +10% gain. Shares closed Thursday, at a new all-time high.

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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 which he can add to his watch list.

If a stock from his watch list breaks out above its TRIGGER PRICE, then he sends out a BreakOut Alert to subscribers via email.

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– 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

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

On Wednesday, the Dow finished up +0.5% while the S&P 500 rose +0.6%, and the Nasdaq climbed +1.1%.

QUOTE OF THE DAY:

“Real happiness is cheap enough, yet how dearly we pay for its counterfeit.”
– Hosea Ballou

This morning, stocks in Asia were mixed. South Korea’s KOSPI index fell -1.2% and Japan’s Nikkei index dropped -0.6%. Meanwhile, Hong Kong’s Hang Seng index rose less than +0.1% and the Shanghai Composite jumped nearly +0.6%.

European markets opened lower.

U.S. stock futures are pointing considerably higher with the Dow set to open +70 points.

Walmart (WMT) is set to release earnings before the market opens.

Baidu (BIDU), NVIDIA (NVDA) and Pinterest (PINS) will post their results after the close.

MORE HERE FROM IBD: Dow Jones Futures: Stock Market Rally Set To Pass Key Test As Two Dow Giants Rally On Earnings

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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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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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– 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.

6:00 AM – MORNING MARKET UPDATE & WATCH LIST

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

Yesterday, the market recovered somewhat from Monday’s big sell-off. The Dow closed up more than 200 points, or +0.8%. The S&P 500 ended up +0.8%, and the Nasdaq gained +1.1%.

QUOTE OF THE DAY:

“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.
– Michael Jordan

Meanwhile, the trade fears that have gripped Asian markets in recent days appear to be tapering off.

Hong Kong’s Hang Seng index rose +0.5% Wednesday, while the tech-heavy Shenzhen Composite added +2.4% — helped by talk of new economic stimulus.

Japan’s Nikkei index gained almost +0.6%.

The picture is less sunny in Europe, where the Stoxx 600 index is down about -0.1%. Britain’s FTSE 100 is up only +0.2%. Markets in Germany are lower despite strong first-quarter GDP growth.

Back in the U.S., stock futures are pointing down. The Dow is set to drop about 20 points, or -0.1%, when markets open. The S&P 500 is pacing for a similar decline. The Nasdaq could open flat.

For earnings, we have Alibaba (BABA), Tencent (TCEHY) and Macy’s (M) announcing before the open.

The Census Bureau will release its US retail sales report for April at 8:30 a.m. ET.

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BREAKOUT UPDATE:

All May 2019 BreakOuts

May has not been the best month for the market. Actually, it’s more like the worst of the new year.

We have had only 3 breakouts thus far from the Technical SetUps WatchLsit which is included in the daily “Stock WatchList Morning Update“.

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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.

Now just $9 a month through James’ BuyingBreakOuts.com website.

LEARN MORE ABOUT THIS SPECIAL 50% DISCOUNT OFFER HERE

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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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– 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

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

Yesterday was another rough day on Wall Street as the Dow closed -617 points, or -2.4%, lower. The S&P 500 also ended down -2.4% and the Nasdaq lost -3.4% on the session.

QUOTE OF THE DAY:

“Winning or losing of the election is less important than strengthening the country.
– Indira Gandhi

The latest trade battle between the United States and China is causing fresh pain for investors in Asia, but other global markets are looking brighter.

Hong Kong’s Hang Seng (HSI) closed -1.5% lower, the Shanghai Composite (SHCOMP) fell -0.7% and Japan’s Nikkei (N225) shed -0.6%. South Korea’s KOSPI (KOSPI) managed to buck the trend, edging -0.14% higher.

However, this morning, European indexes including the FTSE 100 (UKX), CAC 40 (CAC40) and DAX (DAX) all opened higher.

Also, U.S. stock futures are pointing up with the Dow set to rise about 160 points, the Nasdaq is tracking a +0.7% rise, and the S&P 500 could open up +0.5%.

____________________________________________________

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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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BREAKOUT UPDATE:

Marsh & McLennan Companies, Inc. (MMC – Nasdaq)

This choice selection barely broke out on last Friday as it traded just 23 cents above its TRIGGER PRICE.

Volume was +46% above the normal rate, and that is a sign of decent conviction.

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

Shares made an abrupt drop on Monday along with the broader market which gaped down considerably.

As previously noted – a  break back down into the base or below our 1st SUPPORT would be an initial concern and that did occur.

I must now lower our 1st SUPPORT from $95 to the 50-day moving average, currently at $93.26.

Our 2nd SUPPORT is now the previous lows at $92.00.

NOTE: Receive this daily report in your email each morning.

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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– 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

The recent volatility which began last week looks to continue at least for another day as world markets are significantly lower and U.S. futures are off sharply. Nasdaq futures are currently down -200.

QUOTE OF THE DAY:

“My comeback was not about winning or losing; it was about the feeling of being able to compete at top level again.”
– Thomas Muster

Last week was basically the worst week of the new year. No matter how good the news on the economy, traders were negatively focused all week on the prospect of a deepening trade dispute between the U.S. and China after Trump tweeted his frustration over the pace of talks last Sunday.

Tensions ratcheted up further Wednesday evening when Trump accused the Chinese of negotiating in bad faith and reneging on commitments made in previous rounds of negotiation.

Then on Friday, the President ordered the U.S. to raise a previous 10% tariff on $200 billion in Chinese goods to 25% and said the tariff may soon apply to all goods coming from the country.

The Dow broke below and closed below its 50-day moving average for the first time since Jan., 17th.

The index ended the week at 25,942 off -2.12% or 562 points, its biggest weekly loss since March by just -0.1%.

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

After closing at an all-time high last week, the Nasdaq Composite lost -3% or -247 points this past week to end at 7917.

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

The S&P 500 lost -64.24 points or +2.18% this past week and closed at 2881.

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

The major averages basically bounced from support on Friday as the Nasdaq and the S&P 500 hung in near their respective 50-day moving averages, and the Dow traded sharply higher from its 200-day.

The current uptrend is officially “under pressure” with 5 distribution days on S&P 500 and also 5 on the Nasdaq.

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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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BREAKOUT UPDATE:

Atlassian Corporation Plc. (TEAM – Nasdaq)

This very highly-ranked stock had been featured each morning in our Stock WatchList: Morning Update starting on Thursday 5/2.

Shares broke out late afternoon on Wednesday as they traded above our posted TRIGGER PRICE of $117.16 while volume was running twice the normal rate.

This leader closed its break out day at the session highs and at a new all-time high.

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

Even with the pressure of the broader market this week, this latest breakout continued higher the following day with an additional +7% gains.

Then on Friday, the stock did dip very briefly first thing in the morning, before quickly recovering and going on to close out the day with another +3% gain.

Shares closed the week with breakout gains of +9.99%.

Volume has been well above the normal rate for this entire advance from the 50-day moving average, which is a sign of institutional accumulation and that is a characteristic we like to see accompany such gains.

As mentioned above, the stock is very highly-ranked and also has solid fundamentals. The company recently reported a +133% increase in EPS compared to the same quarter a year ago.

From here, any above average volume declines would be, at the least, the first concern.

I am going to put our 1st SUPPORT at the highs of the previous base near $115.00, and a break below there would be a technical violation.

Below there we have the 50-day moving average, currently at $110.65.

NOTE: Receive this daily report in your email each morning.

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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_________________________________________________

– 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

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

The trade war between the world’s two largest economies is escalating again after the United States hit China with higher tariffs and Beijing pledged to retaliate.

QUOTE OF THE DAY:

“What would life be if we had no courage to attempt anything?”
– Vincent Van Gogh

Yesterday, the Dow closed down -0.5% while the S&P 500 shed -0.3%, and the Nasdaq declined -0.4%.

This morning, Japan’s Nikkei Index closed down about -0.3%. The Shanghai Composite Index rose +3% and Hong Kong’s Hang Seng Index jumped +0.8%.

European markets opened higher, with Britain’s FTSE index up +0.7%.

U.S. stock futures, however, are pointing lower. The S&P 500 is set to open down nearly -0.2%. The Nasdaq and Dow are poised to start Friday -0.1%.

JD.com (JD), Marriott (MAR), Viacom (VIAB) and our E. W. Scripps Co. (SSP) are set to release earnings before the open.

U.S. consumer inflation data for April will post at 8:30 AM ET.

____________________________________________________

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.

Now just $9 a month through James’ BuyingBreakOuts.com website.

LEARN MORE ABOUT THIS SPECIAL 50% DISCOUNT OFFER HERE

____________________________________________________

BREAKOUT UPDATE:

We have had 2 breakouts so far this week. Both triggered with strong volume, as well as sharp daily price gains, while these stocks were blasting to new highs.

Other common characteristics these back-to-back breakouts share are each has very high ranks, solid fundamentals, and they are members of leading groups.

1 – j2 Global, Inc. (JCOM – Nasdaq)

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

NOTE: Receive this daily report in your email each morning.

One of those is SSP from our Technical SetUps WatchList which is setting up in a tight base ahead of its earnings release this morning.

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

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– 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

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

Market continues to be volatile with a late-afternoon sell-off yesterday which erased the day’s gains.

This morning, global stock markets fell as the United States and China dug in their heels on trade.

QUOTE OF THE DAY:

“My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style.”
-Maya Angelou

Hong Kong’s Hang Seng sank -2.4% and Japan’s Nikkei dropped around -1%. The Shanghai Composite fell -1.5%, pushing its losses for the week to -7%.

France’s CAC 40 was the biggest major market loser in Europe, shedding -1.3% in early trade as the U.S. and China continue to the battle over trade.

China’s top trade negotiator, Liu He, arrives in Washington on Thursday for two days of negotiations.

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Earnings season marches on. Norwegian Cruise Line (NCLH), Overstock (OSTK) and Party City (PRTY) plan to release earnings results before the US market open.

Dropbox (DBX), Equifax (EFX), GoPro (GPRO), News Corp. (NWSA), TiVo (TIVO), Yelp (YELP) and Zillow (ZG) will release earnings after the close.

BREAKOUT UPDATE:

We had a fresh breakout yesterday in TEAM which was on our Technical SetUps WatchList.

WATCHLIST UPDATE:

I ran my routine stock screens this morning and added one new stock to our watchlists.

We now have a total of 16 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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