6:30 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
After four days of consecutive gains, the market looks poised to continued higher as Friday’s futures are positive.
QUOTE OF THE DAY:
“Be sure you put your feet in the right place, then stand firm.”
– Abraham Lincoln
We are still, however, watching or a FTD (follow-through day) to put the market in a confirmed uptrend. This would be where we close up +1.3% or more with
higher volume than the day before.
The latest jobs report will be published at 8:30 a.m. ET. It is expected to show that U.S. payroll growth decelerated to 185,000 jobs in May, according to a Refinitiv survey of economists. That would mark a slowdown from April’s surge of 263,000.
BREAK OUT UPDATE:
We had 7 breakouts yesterday form the Technical SetUps WatchList.
The list was just updated that morning with 5 new selections. All 5 of those did technically breakout yesterday.
The most powerful breakout, based on volume was Visa (V).
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
|MAX STOP LOSS GUIDE||% GAIN/
I ran my routine stock screens this morning, yet did not add any new stocks to any of our watch lists.
The next WatchList Update will be in this weekend’s Sunday Stock Report. You can request a complimentary copy here.
There are now 17 stocks on our watch lists.
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.
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The Sunday Stock Report
James’ long-running weekly newsletter is completely focused on only highly-ranked stocks which match up very favorably with the proven and winning guidelines.
It features only about 6 – 12 stocks on average in a weekly watch list.
We’ve found that this watch list is ideal for short-term 0r intermediate-term traders, as well as longer-term investors.
Each stock has both strong fundamentals for potential longer-term growth and the solid technical characteristics which may be more appealing to shorter-term traders who like to buy breakouts and sell a few days later with good profits.
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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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