– 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.
9:30 AM – MORNING MARKET UPDATE & WATCH LIST
[dropcap]Y[/dropcap]esterday, the Dow closed higher by +221 points, the S&P 500 rose +27 points, and the Nasdaq ended up +63 points.
QUOTE OF THE DAY:
“Wherever you see a successful business, you can believe that there was once one day a courageous decision.”
– Peter Drucker
Uncertainty regarding two of the biggest headwinds facing the global economy — trade and Brexit — appeared to lift, clearing the way for investors to pile into the riskier assets.
President Donald Trump has signed off on a “phase one” trade deal with China, and Prime Minister Boris Johnson swept to victory in the UK election.
This morning, the major averages are again racing to record highs. Markets in Europe shot up in early trading, following big gains for stocks in Asia.
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BREAKOUT ALERT UPDATE:
Here is a update on several of our recent BreakOut Alerts.
Winning BreakOut Alert RPM (+8%) setting up to possibly break out again.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
BreakOut Alert TGT nearing another potential breakout.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Previous winner BreakOut Alert KRC falls to support of its 50 DMA.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
After breaking out again on Wed, BreakOut Alert PRFT (+10.4%) added to those gains yesterday.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
COST shares remain below their 50 DMA after earnings beat estimates.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Previous BreakOut Alert GIB building support on some recent lows at $82.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
BreakOut Alert JBL made continued gains yesterday, however, volume could have more conviction.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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. We had another 3 BreakOut Alerts yesterday. There are now 10 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.