7:15 AM – MORNING MARKET UPDATE & WATCH LIST
After being down as much as -258 yesterday, the Dow closed -140 points, while the S&P 500 gave up -9, and the Nasdaq shed -12 points.
QUOTE OF THE DAY:
“Some are born great, others achieve greatness.”
– William Shakespeare
October was a positive month for stocks, with the S&P 500 notching a record close on Wednesday. The Dow hung on for just a +0.5% monthly gain, while the S&P had a +2% advance and the Nasdaq rose by +3.7%.
Today, trading will likely be guided by earnings, the outlook for U.S. and China trade negotiations, and the employment report.
For earnings announcements, we have BABA, XOM, CVX, AIG, CL, RUTH, IPB reporting before the bell.
For economic releases, we have the ISM manufacturing index and the unemployment rate for October.
There were no new BreakOut Alerts on Thursday. Here are the last 10.
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.
No matter the market, I always have a current watch list ready. There are now 9 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.
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.