9:00 AM – MORNING MARKET UPDATE & WATCH LIST
Yesterday, the Dow Jones topped 27,000 points for the first time, while the S&P 500 closed just shy of 3,000 points. Both indexes were driven higher by congressional testimony from Federal Reserve Chair Jerome Powell, who fueled investor optimism that an interest rate cut is coming later this month.
QUOTE OF THE DAY:
“You were designed for accomplishment, engineered for success, and endowed with the seeds of greatness.”
The Nasdaq, meanwhile, closed -0.1% lower. Gains in global markets on Friday have been tepid.
Hong Kong’s Hang Seng finished up +0.1%, while the Shanghai Composite rose +0.4%. Japan’s Nikkei gained +0.2%. Britain’s FTSE 100 jumped +0.3% in early trading, while Germany’s DAX was slightly lower.
Here is the U.S. stocks are poised to continue their rally. The Dow could rise +70 points, or +0.3%, when markets open, while the S&P and Nasdaq are set to increase +0.2%.
I continue to run stock screens on a daily basis searching for high-ranked leaders, with solid fundamentals that are building bullish technical bases. I added 1 new stock to our watch lists this morning.
There are still a total of 13 stocks on our watch lists.
You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.
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.
James’ Flagship Weekly Newsletter.
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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.
NOTE: On SUNDAY THERE WERE A TOTAL OF 10 STOCKS on the watch list in the current issue. As of Wednesday morning, there are now 6 stocks as 4 have already broken out this week.
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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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