James F. Taulman

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

Category: BreakOuts Page 1 of 2

SUN 6/23: This Week’s BreakOuts From the Sunday Stock Report

– 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.


This past week we had 4 breakouts from the watch list in last week’s Sunday Stock Report.

NOTE: You can now request a complimentary copy of today’s Sunday Stock Report with the complete watch list (7-high ranked stocks) for next week here.

 

_________________________________________________

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.

_________________________________________________

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.

#1 Stock of the May 2019 BreakOuts

– 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.


So far, for the month of May 2019 we have had a total of 4 breakouts from the weekly Sunday Stock Report Watch List.

Three of those (in the table below) have pulled back modestly, yet do remain above support.

One, Atlassian (TEAM) continues to hold onto its gains, as it closed the week at new all-time highs.

SYM LAST ADDED
TO
WATCH
LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX BUY PRICE CURRENT % GAIN
/LOSS
DRI $120.13 5/4/19 $122.47 5/20/19 $128.59 -1.91%
TWLO $133.90 5/12/19 $137.50 5/16/19 $144.38 -2.62%
MMC $95.38 5/4/19 $95.92 5/10/19 $98.57 -0.56%
TEAM $129.52 5/2/19 $117.16 5/8/19 $123.02 +10.55%

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

This very highly-ranked, fundamentally sound, leader was first added to the Sunday Stock Report Watch List on May 5th.

Shares broke out late-afternoon on 5/8 as they traded above our posted TRIGGER PRICE of $117.16 while volume was running twice the normal rate.

CONTINUED HERE

 

 

 

 

_________________________________________________

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.

_________________________________________________

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.

 

Latest BreakOut Follows Through Today with +6.9% Gains

– 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.


NOTE: This BreakOut was featured in my…
Stock WatchList: Morning Update

Before each market open I email out a watch list of hand-selected, high-ranked stocks with specific buying criteria, know as my “Stock WatchList: Morning Update”. Then, throughout the trading day, I issue BreakOut Alerts for any stocks from that watch list which trade above their posted TRIGGER PRICE.

Atlassian Corporation Plc. (TEAM – Nasdaq)

This very highly-ranked stock has been featured each morning in our Stock WatchList: Morning Update starting last Thursday (5/2).

Shares broke out late afternoon yesterday as they traded above our posted TRIGGER PRICE of $117.16 as 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.

CONTINUED HERE

 

This Week’s BreakOut Update

“Stock WatchList: Morning Update”

– 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.

The BreakOut(s) below first appeared in our…
Stock WatchList: Morning Update

NOTE: Before each market open we deliver our watch list of hand-selected, high-ranked stocks with specific buying criteria, know as our “Stock WatchList: Morning Update”. Then, throughout the trading day, we issue BreakOut Alerts via email and text message for any stocks from that watch list which trade above their posted TRIGGER PRICE.

Below is every stock from the daily morning watch list which broke out above their TRIGGER PRICE this past week.

Questions? – Click here.

This past week we had 5 breakouts from our weekly watch list of 6 stocks.

Here is an update on all of this week’s breakouts.

SYM LAST ADDED TO WATCH
LIST
BREAK
OUT PRICE
BREAKOUT
DATE
MAX BUY PRICE  CURRENT % GAIN/
LOSS
MPW $18.54 3/17/19 $18.70 3/21/19 $19.64 -0.86%
SBUX  $71.96 3/17/19 $72.28 3/20/19 $75.89 -0.44%
GIB $67.45 3/7/19 $68.27 3/19/19 $71.68 -1.20%
WING $72.36 2/27/19 $72.32 3/19/19 $75.94 0.06%
NICE $117.00 3/17/19 $119.35 3/18/19 $125.32 -1.97%

Major Averages and Recent BreakOuts Negatively Reverse

This past week we had 5 breakouts from our Stock WatchList: Morning Update.

Here is an update on all of last week’s breakouts.

1 – Medical Properties Trust, Inc. (MPW -NYSE)

This is our most recent breakout as shares cleared their TRIGGER PRICE of $18.70 mid-session, Thursday.

The stock continued trading above there until about mid-day Friday when it struggled along with the broader market (Dow -400).

This breakout closed that day at the session lows, just under the TRIGGER PRICE, as volume was lighter the average.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
MPW $18.54 3/17/19 $18.70 3/21/19 $19.64

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

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$18.50 50 DMA
($17.74)
$17.06 -0.86%

Shares now are basically at our 1st SUPPORT of the previous lows as of Friday’s close.

We also have near-coinciding support of the 50-day moving average, currently at $17.94.

A break below there would be a serious technical violation and a SELL signal.

Questions? – Click here.

2 –Starbucks Corporation (SBUX – Nasdaq)

This leader had been featured several times over the past months as it was first published in our special report on Oct., 14th – “High-Ranked Pullbacks to Support”.

On Jan., 20th it was added to our TrendLine SetUps WatchList where it broke out the following day, before getting in a solid uptrend to new all-time highs.

Shares then consolidated there, above $70, and built another base to buy off of. This stock was then added to the Technical SetUps WatchList, where it broke out on Wednesday.

However, it only traded above the TRIGGER PRICE of $72.28 very briefly that day (<5 mins).

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
SBUX $71.96 3/17/19 $72.28 3/20/19 $75.89

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

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
50 DMA
($68.79)
N/A $66.20 -0.44%

This breakout (like many this week) did close its breakout day well off of the session highs.

Shares did manage to trade back above their TRIGGER PRICE Thursday afternoon, and again briefly mid-day Friday.

SBUX is holding up relatively well, and it is now trading in a nascent uptrend staring with the lows on 3/8.

Considering our 1st SUPPORT is ~4% below Friday’s close, any above average volume declines with a break below that upward trendline would be a cause for some concern, especially if the broader market can not negate the recent bearish action.

Questions? – Click here.

3 – CGI Inc (GIB – NYSE)

This breakout only briefly traded above its TRIGGER PRICE of $68.27 near the open on Tuesday’s trading.

Then ths stock went on to negatively reverse the breakout day as it closed with a loss.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
GIB $67.45 3/7/19 $68.27 3/19/19 $71.68

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

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
50 DMA
($66.37)
$65.00 $62.05 -1.20%

There may be some initial areas of support at most recent lows, and the coinciding round-$67. At the least, this would be a key area to watch, on the downside.

Interested investors could still add this stock to their watch list, with the current TRIGGER PRICE of $68.27.

With that being said, I am putting our official 1st SUPPORT at the 50-day moving average, currently at $66.37.

Barring a new breakout, this stock looks likely to test there eventually.

Questions? – Click here.

4 – Wingstop Inc. (WING – Nasdaq)

This leader nearly broke out on Monday as price progress that day was rather ideal with shares basically making a steady climb, then closing the breakout day near the highs, yet missed making our TRIGGER PRICE by <.20 cents.

The stock then did officially trade above its posted TRIGGER PRICE of $72.32 very briefly on Tuesday.

Like several others, shares closed the breakout day lower.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
WING $72.36 2/27/19 $72.32 3/19/19 $75.94

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

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$71.00 50 DMA
($67.86)
$66.57 +0.06%

The stock managed to climb higher throughout the week until hitting its peak Friday morning, before pulling back and closing the week just slightly above the TRIGGER PRICE.

Going forward, a break below the stock’s upward trendline would be the first concern.

There is some support near $71, then below there is the 50-day moving average, currently at $67.93, if things were to get that ugly.

Questions? – Click here.

5 – Nice Ltd (NICE – Nasdaq)

This was one of the few, if not the only breakout we’ve had recently with any real increase in volume.

Shares gapped open on Monday morning and traded above their TRIGGER PRICE of $119.35 while volume was +62% above normal.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
NICE $117.00 3/17/19 $119.35 3/18/19 $125.32

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

1st SUPPORT 2nd SUPPORT MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
50 DMA
($112.78)
200 DMA
($110.75)
$107.64 -1.97%

The following day shares did pull back slightly, yet volume was half the regular rate, and this action was not too much of a concern.

Shares continued to modestly drift lower through mid-week, until Friday when there was a (non-news) gap down as volume remained below average.

An eclipse of Friday’s low would be a serious concern as there is no real support until the 50-day moving average, which is currently at $112.78.

Questions? – Click here.

_________________________________________________

WATCH LIST UPDATE:  We now have a total of stocks which we will be watching for a traditional breakout to new highs this coming week.

 

This Week’s BreakOuts From Our….

“Stock WatchList: Morning Update”

– 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.

The BreakOut(s) below first appeared in our…
Stock WatchList: Morning Update

NOTE: Before each market open we deliver our watch list of hand-selected, high-ranked stocks with specific buying criteria, know as our “Stock WatchList: Morning Update”. Then, throughout the trading day, we issue BreakOut Alerts via email and text message for any stocks from that watch list which trade above their posted TRIGGER PRICE.

Below is every stock from the daily morning watch list which broke out above their TRIGGER PRICE this past week.

Questions? – Click here.

SYM LAST  ADDED  TO WATCH LIST TRIGGER
PRICE 
BREAKOUT
DATE 
MAX BUY
PRICE 
CURRENT
% GAIN/
LOSS
TEAM $98.98 1/27/19 $100.10 2/1/19 $105.11 -1.12%
GIB $66.34 1/27/19 $66.63 2/1/19 $69.96 -0.44%
LLY $120.80 12/30/18 $119.94 1/31/19 $125.94 +0.79%
NOW $221.51 1/6/18 $192.26 1/30/19 $201.87 +15.21%
STOR $31.67 1/27/19 $31.15 1/29/19 $32.71 +1.67%
CYBR $88.48 1/23/19 $81.98 1/28/19 $86.08 +7.93%

 

1 – Atlassian Corp. (TEAM – Nasdaq)

This is still a fledgling breakout as shares have yet to close above their TRIGGER PRICE of $100.10.

Also, Friday’s action is a bit of a concern with the stock ending well off of the session highs.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
TEAM $98.98 1/27/19 2/1/19 $100.10

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$105.11 UPWARD
TRENDLINE
($94.71)
50 DMA
($86.66)
$92.09 -1.12%

The company does have nearly the highest ranks overall and is the #1 leader in a great group.

Just need to see more bullish technical action in the form of volume-backed gains to confirm a BUY.

On the downside, use the upward trendline (blue-dashed) on the chart below as your guide. Shares have not closed below there since mid-November.

A break below there, then the next area to watch is $90 and the 50-day moving average which would come into play.

___________________________

2 – CGI Inc. (GIB – NYSE)

We had several “Computer” names break out this week as GIB also triggered a BUY signal on Friday.

The company did report earnings this week, however, I would not consider this an “earnings breakout”. Three reasons, 1) there was not that much volatility near the announcement, 2) nothing really very actionable in the release, 3) the stock actually broke out 2 days after.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
GIB $66.34 1/27/19 2/1/19 $66.63

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$69.96 $65.40 50 DMA
($63.00)
$61.29 -0.44%

Shares did close off of their highs Friday, yet only slightly.

Overall ranks are solid and the Computer sector is currently highly ranked as is the stock.

Going forward, the first thing to watch out for are any above-average volume declines which would lead to a break back into the base.

___________________________

3 – Eli Lily & Co. (LLY – NYSE)

Shares of this set up broke out on Thursday.

The stock made some slight gains on Friday and closed above the round-$120.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
LLY $120.89 12/30/19 1/31/19 $119.94

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$125.94 $118.50 50 DMA
($114.63)
$110.34 +0.79%

What is now of MOST importance for new shareholders is – management will report fourth-quarter and full-year 2018 results on Wednesday, before the market open.

A decision has to be made to either SELL or HOLD the selection before Tuesday’s close.

Investors are advised to analyze Monday’s and Tuesday’s action very thoroughly.

Those who choose to HOLD through earnings should be prepared for some expected volatility.

Questions? – Click here.

___________________________

4 – ServiceNow Inc. (NOW – NYSE)

This can be considered an earnings breakout from a portfolio perspective as the stock broke out the day before the company reported.

On Wednesday, this stock confirmed a BUY by default as it shares traded above our posted TRIGGER PRICE of $192.26 while the volume was well on pace to meet our TRIGGER VOLUME of 3,485,400 shares.

As we say – earnings breakouts can be more rewarding but do also carry more risk as there is expected price volatility near the release of the announcement.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
NOW $221.51 1/6/19 1/30/19 $192.26

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$201.87 ROUND NUMBER
$200.00
200 DMA
($181.80)
$176.87 +15.21%
Shares gaped open and traded considerably higher.

At this point, there is some support to at the $200 area but considering shares are so extended from there, any above average volume declines would be the first concern.

I will be watching Monday’s action to see if the stock settles in here or if the volatility continues.

I can guess many short-term traders are already out of this one with some good gains.

For those who have held – these types of “gap” breakouts on good earnings and guidance news can lead to continued stock gains.

___________________________

5 – Stor Capital Corp. (STOR – NYSE)

All this week shares made some decent gains without any technical concerns as the stock advanced with volume (until Friday).

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
STOR $31.67 1/27/19 1/29/19 $31.15

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$32.71 ROUND NUMBER
$31.00
50 DMA
($29.52)
$28.65 +1.67%

Friday’s action is a serious concern, and this stock should be watched closely for any continued weakness Monday morning.

If there is more selling with volume on Monday – that would be an initial SELL signal.

___________________________

6 – Cyberark Software Ldt. (CYBR – Nasdaq)

This stock broke out for us Monday morning and overall had a great week.

Tuesday’s slight pullback was a bit of a concern as it seemed liked shares could start reversing, however, Wednesday’s solid gains quickly negated that action.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
CYBR $88.48 1/23/19 1/28/19 $81.98

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT 
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$86.08 ROUND NUMBER
$80.00
50 DMA
($74.61)
$75.42 +7.93%

The stock is very highly-ranked and has solid fundamentals. Number #1 leader in a great group.

Hence, it has all the characteristics we look for in a stock to make considerable gains and like TEAM (above), and should be treated as a longer-term holding.

 

Questions? – Click here.

_________________________________________________

WATCH LIST UPDATE:  We now have a total of stocks which we will be watching for a traditional breakout to new highs this coming week.

 

BREAKOUT UPDATE: DORM – Support Levels Explained

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.


TUE 1/22 9:00 AM – BREAKOUT UPDATE

UPDATE: Dorman Products, Inc. (DORM – Nasdaq)

NOTE: Dorman (along with CIEN see here) is one of the latest breakouts from my Technical SetUps WatchList which is emailed out each market morning at 8AM in my Stock WatchList Morning Update. Learn more here.

This holding continued to trade in its uptrend this past week. It remains highly ranked and there are no real technical concerns to note as of Friday’s close.

SYM LAST ADDED TO
WATCH LIST
BUY
DATE
BUY
PRICE
DORM $93.39 12/30/18 1/07/18 $91.42

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT  
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$95.99 $91.00 $86.86
50 DMA
$84.10 +2.15%

As I noted last week – DORM remains highly ranked and has been trading higher, in a nice steady uptrend, since finding support at its 50-day moving average on 12/10. Great group.”

Although I could raise our 1st SUPPORT to the recent low of the trend line ($92.24), I am going to keep it at $91.00 and pick up the coinciding previous highs of the base for additional support. Our 2nd SUPPORT is automatically raised as the stock’s 50-day moving average line advances.

Any declines from here, especially with volume, would be the first concern.

Questions? – Click here.

NOTE: Dorman (along with CIEN see here) is one of the latest breakouts from my Technical SetUps WatchList which is emailed out each market morning at 8AM in my Stock WatchList Morning Update. Learn more here.

 

 

 

 

 

BREAKOUT UPDATE: CIEN – Recent BreakOut Quickly Got Extended

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.


MON1/21 7:30 PM – BREAKOUT UPDATE

UPDATE: Ciena Corporation (CIEN – NYSE)

NOTE: Ciena is the latest breakout from my Technical SetUps WatchList which is emailed out each market morning at 8AM in my Stock WatchList Morning Update. Learn more here.

Shares of CIEN continued trading higher this past week, adding another +5%.

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
CIEN $38.50 12/30/18 1/07/18 $35.14

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT  
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$36.90 $33.66
50DMA
$31.00 $32.32 +9.56%

I have to note two important technical concerns with this holding. One, is that the breakout and the portfolio gains of +9.5% have been with a lack of volume conviction.

Two, shares are now extended, being +33% above the 200 DMA, with no real significant support until the 50 DMA which is more than -10% below Friday’s close.

Any weakness in this selection would be a time to take at least a portion of profits.

PREVIOUS UPDATES: CIEN

SUN 1/13 UPDATE: We had CIEN, from the Technical SetUps WatchList, also break out on Monday.

As noted mid-week – “Volume was not as much as we normally like to see, being only +15%, however, lower volume breakouts can still work out in an up-trending market.

Thus far shares have held up, considering the lack of clear conviction on the breakout day, and have actually traded a bit higher.

Heading into the end of the week, volume cooled and there were not many willing sellers as the stock traded at new all-time highs.

However, shares are starting to get a bit extended, and swing traders could consider taking +4% profits here. There is no real solid support until possibly the 50-day moving average which is below the breakout price. Also, note that our 2nd SUPPORT is below our MAX STOP LOSS GUIDE. When those are inverse, that is not a good sign.

Of course, any solid gains WITH some real volume behind the move would negate the present technical concerns. Overall, market direction is likely to be key in the stocks move from here.

Questions? – Click here.

NOTE: Ciena is the latest breakout from my Technical SetUps WatchList which is emailed out each market morning at 8AM in my Stock WatchList Morning Update. Learn more here.

 

 

 

 

 

PORTFOLIO UPDATE: 2019 Rally Took Hold – Here is Where We Are at…

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.


SUn 1/13 9:00 AM – PORTFOLIO UPDATE

It’s already been a busy 2019 as we have had a total of 4 breakouts; each from several of my watch lists. There has also been 2 stocks which triggered SHORT signals, so far this year.

12 Stocks on Our Watch List | 4 BreakOuts | 2 Shorts

Below is an update on all of these stocks which have been our only actionable trades for the new year.

Major Averages Rally Squarely into Resistance

The market continued trading aggressively higher for the first full week of 2019. All three of the major averages closed with weekly gains for the third week in a row.

In the previous week’s Sunday Stock Report (12/30) I wrote – “By the book – a stock market rally attempt is underway. A follow-through day could come as soon as this week to confirm the new market rally.”

…and that occurred on the following Friday (1/4) as the market advanced with volume.

In the next Sunday Stock report (1/6), I pointed out that the market is now officially in a confirmed uptrend, and – “we are going to have to let our breakouts by our guide.”

I said – “we should expect to see everyone “back to work” with prosperous hopes for 2019.”

The next morning, the market opened the first full trading week of the year and continued to make gains. The day proved to be a solid with the major averages following up on Friday’s advance and we had a total of 3 breakouts from two of our watch lists which contained a total of just 12 stocks.  As we have seen time and time again – stocks breaking out in numbers is always a key sign of a new rally-run.

Over the course of the week, the Portfolio Service had a total of 3 BUYS and 2 SHORTS.

The 3 BUYS were DORM (P/L: +3.34%), QNST (P/L: +3.85%), and FIVN (P/L: -0.49%).

The Stock WatchList Morning Update had a total of 2 stocks breakout for 2019.

Those were CIEN (P/L: +4.35%) and also DORM (P/L: +3.34%).

The 2019 rally has thus far held up and gave us of several trading opportunities just by following the TRADING CRITERIA in our daily watch lists.

Of course the question now is  – How long will this new uptrend continue?

Let’s consider this…. as of Friday’s close all there of the major averages have now rallied from their December sell off lows and are now up at respective resistance levels.

These are now the areas to watch for either a turn back from this resistance which could lead to a pullback, or a breakout which could be the start of another leg up.

The Dow Jones Industrials are now near 24,000, which is a 2000 point gain from the sell off lows in December.

Chart courtesy of stockcharts.com

The Nasdaq is now at resistance of its 50-day moving average and a downward trend line, where it may have already started to pause.

Chart courtesy of stockcharts.com

The magic number on the S&P 500 I’m told is 2600. We can see several areas of resistance coming into play for Wall Street’s bellwether.

Chart courtesy of stockcharts.com

Here is a update on every breakout/short from all my watch lists so far for 2019.

Questions? – Click here.

1 – Dorman Products, Inc. (DORM – Nasdaq)

Shares of DORM which were on the Technical SetUps WatchList, quickly started trading higher on Monday’s open, with a sharp increase in volume. This bullish action triggered a BUY signal as price rose above the posted TRIGGER PRICE of $91.42 mid-morning, while volume was well on pace to make the stock’s TRIGGER VOLUME.

SYMBOL LAST ADDED TO
WATCH LIST
BUY
DATE
BUY
PRICE
DORM $94.56 12/30/18 1/07/18 $91.42

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT  
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$95.99 $91.00 $85.52
50 DMA
$84.10 +3.43%

Unfortunately, the stock did pull back that afternoon and close the breakout day below the TRIGGER PRICE. Of course, this is never a good sign. So, that was already 1 technical strike for this breakout.

Tuesday’s action did not add any reassurance as shares closed down another -1% with volume up +85%. The stock closed just under its 1st SUPPORT.

I then noted – “Any further declines would be tough to tolerate.”

Wednesday actually turned out to be a great day technically for DORM as shares traded considerably higher +2.7% with a +115% increase in volume. This bullish action continued for remainder of the week. The stock closed at a new all-time high, backed with an increase in demand.

DORM remains highly ranked and has been trading higher, in a nice steady uptrend, since finding support at its 50-day moving average on 12/10. Great group.

This trend line, and the coinciding previous high of the base, is where I will our 1st SUPPORT, currently at about $91.00. Another break below there would be a concern, yet not necessary a SELL signal. Would still need to see and compare how the broader market is behaving next week.

2 – Ciena Corporation (CIEN – NYSE)

We had CIEN, from the Technical SetUps WatchList, also break out on Monday.

As noted mid-week – “Volume was not as much as we normally like to see being only +15%, however, lower volume breakouts can still work out in an up-trending market.”

SYMBOL LAST ADDED TO
WATCH LIST
BREAKOUT
DATE
BREAKOUT
PRICE
CIEN $36.67 12/30/18 1/07/18 $35.14

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT  
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$36.90 $33.07
50DMA
$31.00 $32.32 +4.35%

Thus far shares have held up, considering the lack of clear conviction on the breakout day, and have actually traded a bit higher.

Heading into the end of the week, volume cooled and there were not many willing sellers as the stock traded at new all-time highs.

However, shares are starting to get a bit extend, and swing traders could consider taking +4% profits here. There is no real solid support until possibly the 50-day moving average which is below the breakout price. Also, note that our 2nd SUPPORT is below our MAX STOP LOSS GUIDE. When those are inverse, that is not a good sign.

Of course, any solid gains WITH some real volume behind the move would negate the present technical concerns. Overall, market direction is likely to be key in the stocks move from here.

Questions? – Click here.

3 – Five9, Inc. (FIVN – Nasdaq)

As I had previously noted, I expect to see a good number of stocks break out from our TrendLines SetUps WatchList as the watch list should grow in number as more stocks set up in their current down trends.

FIVN is from the TrendLine SetUps WatchList and it broke out Monday morning with gap open – backed with a +113% increase in volume. The stock made some decent follow-through gains Tuesday, with continued conviction, and closed at the session highs (+2.3%).

SYMBOL LAST ADDED TO
WATCH LIST
BUY
DATE
BUY
PRICE
FIVN $46.38 1/06/18 1/07/18 $46.61

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT  
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$47.13 $44.00 $41.61
50 DMA
$41.29 -0.49%

Wednesday we witnessed a quick reversal and a close lower as volume remained above average. This is a bit of a concern. Thursday’s and Friday’s trading was more more tame – a welcomed sign.

A fresh breakout above the recent highs at $48.12 would be encouraging.

Any declines with volume would be a SELL signal.

4 – QuinStreet, Inc. (QNST – Nasdaq)

On Thursday, we had another confirmed breakout and also another short.

QNST from our TrendLine SetUps WatchList, finally cleared its posted TRIGGER VOLUME as the stock reached its MAX BUY PRICE.

SYMBOL LAST ADDED TO
WATCH LIST
BUY
DATE
BUY
PRICE
QNST $18.36 1/06/18 1/10/18 $17.68

Chart courtesy of stockcharts.com

MAX BUY PRICE 1st
SUPPORT  
2nd
SUPPORT
MAX STOP LOSS GUIDE CURRENT % GAIN/LOSS
$17.68 $16.50 $14.04
200 DMA
$16.26 +3.85%

The worst thing this trade has going for it is the fact that it confirmed a little late as we waited for the volume to reach its proper TRIGGER VOLUME. The BUY PRICE is the same as the MAX BUY PRICE, and that is not ideal.

Ideally, last Monday’s gains with shares first breaking out of their downtrend would have – in hide-sight – been a better entry.

The good news is we have 3 up days with above average volume, since shares most recently moved up from support offered by the 50-day moving average on 1/3. That’s 3 days with volume-back gain this year.

Going into next week, I would want to see shares of QNST quietly consolidate here with some sideways trading while the market possibly pulls in.

Questions? – Click here.

For SHORTS for 2019, we’ve had two this year, from our ShortSetUps WatchList which had only those two stocks as the rally from the lows was taking hold.

1 – Anthem, Inc. (ANTM – NYSE)

On Tuesday, we had one of the two stocks which were on the ShortSetUps WatchList trigger a SHORT by default as shares of ANTM headed lower.

Volume on the session showed a +78% increase above normal levels. However, the fact that shares closed well off of the session lows, was noted as a concern, especially considering the present bullish environment.

SYMBOL LAST ADDED TO
WATCH LIST
SHORT
DATE
SHORT
PRICE
ANTM $256.64 1/06/18 1/08/18 $246.47

Chart courtesy of stockcharts.com

1st COVER
LOSS
1st COVER
PROFIT
CURRENT %
PROFIT/LOSS
$263.18 $239.90 -4.13%

On Wednesday morning I said that further upward trading tomorrow would be a concern, with any gains above the 200-day moving average ($253.10) an appropriate place to cover with a manageable -3%~ loss.

Now with Friday’s close clearly above the 200-day moving average, that puts a trade loss at just over -4% at this point.

There is some resistance at $260 for anyone who wishes to take it that far.

2 – Deckers Outdoor Corporation (DECK – NYSE)

For Thursday, we had another SHORT as shares of DECK broke below their TRIGGER PRICE with a sharp increase in volume. The stock quickly fell and remains at our 1st COVER-PROFIT point.

SYMBOL LAST ADDED TO
WATCH LIST
SHORT
DATE
SHORT
PRICE
DECK $113.30 1/06/18 1/10/18 $117.85

1st COVER  LOSS 1st COVER
PROFIT
CURRENT %
PROFIT/LOSS
$126.23 $113.18 +3.86%

I’ll be watching DECK closely Monday morning as any significant gains from this area would be a place to cover as shares held at support. Conversely, a break below here could lead to a leg lower, especially if the market backs down from its current resistance levels.

NOTE: 50% OFF NEW YEARS SPECIAL OFFER – FINAL DAY!

Now is a Great Time to Upgrade to a Personal Portfolio Membership 

Start a new membership or add time to your current term and you will get instant access to…

– The High Ranked Leaders Watch List

– The Technical SetUps WatchList

– The Trendline SetUps WatchList

– Buyable BreakOuts and shorting opportunities.

-Portfolio Based Updates

…and everything that is included with a Portfolio Membership

Take advantage of our New Years Specials. This is the last day. – 50% OFF.

6 MONTHS -> SEE HERE

1 YEAR -> SEE HERE

2 YEARS  -> SEE HERE

FINAL DAY!

 

Questions? – Click here.

_________________________________________________

About the Founder: Richard-JamesJames 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. _________________________________________________ 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.

UPDATE: Total of 3 BreakOuts and 1 Short – So Far This Week

– 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.


It’s already been a busy 2019 as we have had 3 breakouts, each from several of my watch lists. There has also been 1 short, which triggered Tuesday, from the two stocks which I had on the ShortSetUps WatchList.

Below is an update on all 4 of these stocks which have been our only actionable trades so far this week.

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

On Monday, we had two breakouts confirm a BUY signal as both DORM and FIVN traded above their posted TRIGGER PRICE while also making their TRIGGER VOLUME.

Shares of DORM quickly started trading higher on Monday’s open, with a sharp increase in volume. This bullish action triggered a BUY signal as price rose above the posted TRIGGER PRICE of $91.42 mid-morning, while volume was well on pace to make the stock’s TRIGGER VOLUME.

Unfortunately, the stock did pull back that afternoon and close the breakout day below the TRIGGER PRICE. Of course, this is never a good sign. So, that was already 1 technical strike for this breakout.

Tuesday’s action did not add any reassurance as shares closed down another -1% with volume up +85%. The stock closed just under its 1st SUPPORT. Any further declines would be tough to tolerate.

Chart courtesy of stockcharts.com

FIVN is from the TrendLine SetUps WatchList and it broke out Monday morning with gap open – backed with a +113% increase in volume. The stock made some decent follow-through gains Tuesday, with continued volume conviction, and a close at the session highs (+2.3%). Looks poised to move higher as soon as Wednesday morning.

Chart courtesy of stockcharts.com

From the Technical SetUps WatchList we had CIEN also broke out on Monday. Volume was not as much as we normally like to see being only +15%, however, lower volume breakouts can still work out in an up-trending market.

Chart courtesy of stockcharts.com

On Tuesday, we had one of the two stocks which were on the ShortSetUps WatchList trigger a SHORT by default as shares of ANTM headed lower.

Volume on the session showed a +78% increase above normal levels. However, the fact that shares closed well off of the session lows, is a concern, especially considering the present bullish environment.

Further upward trading tomorrow would be a concern, any gains above the 200-day moving average ($253.10) would be an appropriate place to cover with a manageable -3%~ loss.

Chart courtesy of stockcharts.com

__________________________________

50% OFF NEW YEARS SPECIAL OFFER

Join Now or add time to your current subscription and you will continue to get instant access to…

– The High Ranked Leaders Watch List

– The Technical SetUps WatchList

– The Trendline SetUps WatchList

– Buyable BreakOuts and shorting opportunities.

…and everything that is included with a Portfolio Membership

Take advantage of our New Years Special before they are gone – 50% OFF.

6 MONTHS –  SEE HERE

1 YEAR –  SEE HERE

2 YEARS  –  SEE HERE

__________________________________

Regardless of market conditions, I am always preparing a watch list of high-ranked leaders which are building bullish technical bases.

We now have a total of stocks which we will be watching for a potential breakout.

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

Missed any of these morning reports? You can find all previous reports here.

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. _________________________________________________

About the Founder: Richard-JamesJames 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. _________________________________________________ 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.

SAT 12/1: The Last 5 High-Ranked BreakOuts

– 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.from


Each morning, before the market opens, I email out my continually updated watch list of hand-selected, high-ranked stocks which are setting up in bullish bases of consolidation.

Here is a technical update on the last 5 breakouts we had from those morning watch lists this past week…

SEE THESE 5 BREAKOUTS HERE
(available to everyone)

Page 1 of 2

Powered by WordPress & Theme by Anders Norén