– 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
[dropcap]T[/dropcap]he major averages closed modestly higher yesterday as the Dow maintains above 27K, and the indexes, again, start to approach their previous all-time highs.
QUOTE OF THE DAY:
“Busyness is no different from laziness when it doesn’t lead you to accomplish anything ”
– Chris Bailey
Stocks were buoyed yesterday after U.K. and European Union leaders announced a tentative agreement on Brexit.
This morning, markets in Europe opened mixed on concerns about global economic growth. Stocks in Asia broadly fell as China’s National Bureau of Statistics reported that growth of the world’s second-largest economy slowed to 6% growth in the third quarter.
Key earnings being released today include American Express, Coca-Cola, and Schlumberger.
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BREAKOUT UPDATE:
All “BreakOut Alerts!” for the past 30-days.
FCN: 10/18 – Just broke out on Tuesday with above-average volume. Started Wednesday lower, yet quickly turned positive. Could be a good sign. No resistance in the way of further possible gains.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
TXN: 10/18 – Broke out last Friday. Did pull back into the base on Wed. w/ an increase in volume. Any continued declines especially w/ volume would be a concern. Currently holding the 10 DMA. Next solid support is the 50 DMA, currently at $126.23.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
TDY: 10/18 – This is the second break out we caught in TDY this year. The first was back in mid-June (+25%). Holding 1st SUPPORT. No sell signals since the breakout.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
REXR: 10/18 – Continues making new highs and steady gains while maintaining its 10-day moving average.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
AIV: 10/16 – Continues gradually trending higher, up +2.5% from its TRIGGER PRICE. Has not had a RED BAR since breaking out on 10/3.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
BEP: 10/16 – Stock ran straight up +11% since our “BreakOut Alert!” on 9/23. Then shares started quietly consolidating near their 10 DMA, while starting to build another base.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
NOTE: These stocks were on my Technical SetUps WatchList. You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month 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:
Now matter the status of the market, you should always have a current watch list ready.
There are now 12 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.