8:15 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
Yesterday, the Dow closed down -0.5% while the S&P 500 ended little changed. The Nasdaq actually added +0.2% but fell just short of a fresh record close.
QUOTE OF THE DAY:
“Setting goals is the first step in turning the invisible into the visible.”
– Tony Robbins
This morning, London’s FTSE 100 opened in negative territory, while Paris’ CAC 40 and Frankfurt’s DAX posted small gains. Stocks in Asia closed mixed.
The US Bureau of Economic Analysis is due to report gross domestic product at 8:30 a.m. ET, and economists polled by Refinitiv are now projecting 2.1% annualized growth for the first quarter.
That would be only slightly lower than the previous quarter’s 2.2% — which followed two robust quarters in mid-2018.
American Airlines (AAL), Chevron (CVX), Exxon Mobil (XOM), Goodyear Tire (GT), IMAX (IMAX) and LendingTree (TREE) will release earnings before the open.
I ran my routine stock screens early this morning, yet did not find any new stocks to add to our watch lists.
One of those which looks poised to possibly break out today is MIME from our Technical SetUps WatchList.
Shares have been building a base near new highs and above the stock’s 50-day moving average.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
BuyingBreakOuts.com subscribers can access their watch list 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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