8:30 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
This morning, futures are higher after the major averages ended lower on Thursday as the Dow shed +0.5%, while the S&P 500 and Nasdaq declined +0.2%.
For Friday, European markets opened their day mixed. Most stocks markets in Asia closed out the week with gains.
QUOTE OF THE DAY:
“Reading is to the mind what exercise is to the body.”
– Joseph Addison
It’s a slower day for earnings releases as DISH Network (DISH), Fiat Chrysler (FCAU) and Newell Brands (NWL) will release earnings before the open.
Also of note, the latest jobs report is set to be published at 8:30 a.m. ET and is estimated to show a healthy 185,000 jobs added in April. The unemployment rate is expected to remain at 3.8%.
Our PCTY which recently broke out from the Technical SetUps WatchList just reported earnings yesterday which showed a +207% increase in the 1st quarter vs the same quarter a year ago.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Shares remain in an uptrend, yet a break below that upward trendline (dashed-line) would be the first concern for subscribers who bought the 4/16 breakout and sit with +4.6% gains.
Our 1st SUPPORT is now the round-$90, then just below there we have the 50-day moving average as our 2nd SUPPORT, currently at $88.09.
Now You Can Start Receiving James’ –
Technical SetUps WatchList Each Market Morning
He is looking for those select few which are setting up in sound technical bases and which looked poised to breakout that day.
Each stock is listed with specific trading criteria such as a TRIGGER PRICE, TRIGGER VOLUME and MAX BUY PRICE.
Normally $19.95 a month, now just $9 a month through James’ BuyingBreakOuts.com website.
LEARN MORE ABOUT THIS SPECIAL 50% DISCOUNT OFFER HERE
I ran my routine stock screens early this morning and after adding 4 new stocks to out watch list yesterday, I did not find any new stocks to add today.
Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.
Missed any of these morning reports? You can find all previous reports 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.
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